Barclays Debuts U.S. Online Savings Accounts
The British bank Barclays is venturing into the growing arena of online savings accounts for U.S. consumers.
Barclays’ U.S. credit card unit is taking deposits to facilitate cheaper funding for its roughly $12 ...
Average Credit Card Rate Offered Holds at 14.91%
The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.91 percent this week, marking the ninth week of 17 this year that rates have not moved, according to creditcards.com
The ...
Consumer Agency Accepts Complaints on Checking, Savings Fees
The U.S. Consumers Financial Protection Bureau is now accepting complaints about checking and savings accounts, including issues with excessive or unfair banking fees.
Since the agency launched last July, it has ...
Banks See 10th Straight Quarter of Profit Increases: FDIC
In the fourth quarter 2011, federally insured banks saw their 10th consecutive quarter with a year-over-year increase in profits, according to the Federal Deposit Insurance Corporation.
The banking industry is now ...
Citi Leads Tighter ‘0% Balance Transfer’ Durations
The promotional periods of balance transfer offers with a “0% rate” are tightening, as fees show a slight dip, according to a monthly review of 22 credit card offers by SmartBalanceTransfers.com.
In February, ...
Credit Card Defaults Mixed, But Overall Trend Positive
The biggest U.S. credit card companies saw mixed results in defaults and customer late payments in January, but the overall trend in credit quality remains on a positive trend and well below peak crisis levels.
The ...
Fed: Capital One to be 5th Biggest by Deposits, 4th in Credit Cards
Capital One is poised to become the fifth largest U.S bank by deposits following the Federal Reserve approval of its $9 billion acquisition of the online banking business ING Direct.
Capital One is also positioning ...
Chase, Citi and Capital One Vie for Sign-Ups to $100 ‘Cash Back Bonus’
You’ve probably already seen the promotion in your e-mail inbox, your actual mailbox or on countless website ads: A $100 “cash back bonus” if you sign up for a credit card.
Three of the biggest card issuers ...
Capital One Makes Giving Easier as Online Donations See Jump
It’s not just online shopping that’s seeing a surge lately. Despite ongoing economic challenges, online giving is up as much as 20 percent, according to the prominent Internet charity portal, Network for Good.
And ...
Wall Street Wary of Credit Card Reform’s Impact
Despite a mostly positive group of earnings reports this week from the biggest credit card-issuing companies, forecasts of possible profit trouble ahead as card reform laws take affect are rattling Wall Street.
Particularly ...
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