Posted on March 31st, 2008 by moneyvsdebt
Citigroup Inc. plans to split its consumer banking unit from its credit-card business as part of a broader reorganization to cut costs and simplify the large financial institution’s structure, the company said Monday.
Citi said named Teresa Dial, 58, global head of consumer strategy and chief executive of consumer banking in North America. That business will [...]
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Posted on March 29th, 2008 by moneyvsdebt
Only responsible credit card users should mess with rewards credit cards. These cards typically have higher interest rates than nonrewards cards, so they make sense only if you can pay your balances off each month. Otherwise, those interest payments will negate the rewards. Defaulting will also zap your earnings, so you have to keep your [...]
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Posted on March 28th, 2008 by moneyvsdebt
After paying at least $600 million a year in excessive card fees, consumers in the U.K. are getting money back. We Americans should demand the same.
A couple of years ago, consumers in the United Kingdom got a break when the country’s Office of Fair Trading told credit card issuers that their late and over-limit fees [...]
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Posted on March 17th, 2008 by moneyvsdebt
Leading credit and debit card provider Visa changed the timing of its IPO earlier this afternoon, with the deal now expected to price on March 18th instead of March 19th. The terms of the deal remain the same: 406 million shares at a range of $37 to $42. J.P. Morgan, Goldman Sachs and Banc of [...]
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Posted on February 27th, 2008 by moneyvsdebt
Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank is prepared to lower interest rates again even amid signs of accelerating inflation.
The Fed “will be carefully evaluating incoming information bearing on the economic outlook and will act in a timely manner as needed to support growth and to provide adequate insurance against downside [...]
Filed under: Ben Bernanke, Credit Card, Easy Money, Finance, Investing, Mortgage Information, Stocks, credit secrets, federal reserve, housing crisis | No Comments »
