Dec. 24, 2008 (China Knowledge) - Bank of East Asia<23>, the largest independent local bank in Hong Kong, announced it has issued first RMB-denominated credit card through its locally incorporated banking unit of Bank of...
Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with grave implications for the economy and company profits...
Nov. 12, 2008 (China Knowledge) - The Industrial and Commercial Bank of China (ICBC)<601398><1398>, the largest of China's Big Four state-owned banks by market value, has inked cooperation agreement with JCB International Credit Card Co...
NEW YORK, Nov 6 - The number of credit card offers sent to Americans has declined to its lowest point in over three years, punctuating the extreme credit tightening by banks amid the tumultuous financial...
Nov. 6, 2008 (China Knowledge) - Bank of East Asia (BEA)<23> Wednesday announced its credit card system had passed the testing by the People's Bank of China (PBOC), ahead of the launch scheduled to be...
After years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both, just as an eroding economy squeezes consumers...
* Card issuers have until Feb 2010 to adopt new rules * Interest rates seen rising, credit falling * Bank group sees transformation of card industry (Adds ABA, Dodd, analyst quotes, details, background) WASHINGTON, May...
Banks have increased interest rates on credit and debit cards held by tens of millions of shoppers despite the cost of borrowing falling to its lowest level for more than 50 years, research for...
* Visa and MasterCard shares seen under pressure * Pricing power at risk as banks struggle with losses * Visa and MasterCard deny impact from regulations NEW YORK, June 22 - Visa Inc and MasterCard...
* Bank of America charge-off rate soars to 12.50 percent * American Express default rate rises to 10.40 percent * Citigroup charge-off rate goes up to 10.50 percent * JPMorgan credit-card default rate rises to...