The average combined debt for bank-issued credit cards — like those with a MasterCard or Visa logo — fell to $4,951 in the three months ended June 30, down more than 13% from $5,719 in the same period a year ago, according to TransUnion. The credit reporting agency said it was the first three-month period [...]
HSBC has entered into exclusive talks with Anglo-South African insurer Old Mutual about buying a majority stake in Nedbank Group, South Africa’s fourth largest bank. Reports have put the price as high as £4.5bn for a 52 percent stake in the latest in a string of assets Old Mutual has been forced to sell as [...]
This video from NetSpend describes how you can get a NetSpend Visa Prepaid Card and all the great features that come with it, like direct deposit, free person-to-person transfers, text alerts, online bill pay and more. The card is a great alternative to traditional credit or debit cards because there are no interest charges and [...]
Citigroup (NYSE:C) reported Q2 EPS of $0.09, topping consensus estimates of $0.05. Revenues in the quarter fell 26% to $22.07 billion, slightly below analyst estimates of $22.16 billion. The company reported a Tier 1 Capital Ratio of 12.0%.
The Federal Trade Commission is cracking down an international micropayment scam that stole almost $10 million from users’ credit and debit cards by lifting sometimes just pennies at a time. The FTC shut down phony merchant accounts used by the scammers, while putting a kibosh on at least 14 money mules who were helping to [...]
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