ONE-YEAR AGO:
American Express
reported that charge-offs for its credit card ABS hit 9.3% in February,
compared to 7.2% in December
. . . .
(click here to read more)
FIVE YEARS AGO:
Morgan
Stanley reported that its Credit Services division, including
the "Discover Card," posted $380 million in pre-tax profits for the quarter
ending February 28th, compared to $365 million for the year-ago quarter
. . . .
(click here to read more)
TEN YEARS AGO:
CitX Corporation announces the launch
of 'CyberlSOX' online credit card merchant account fraud prevention
. . . .
(click here to read more)
|
Discover Financial Services reported a net loss for 1Q/10 of $104 million, as compared to net income of $120 million for the first quarter of 2009. Results for the first quarter of 2010 included a pre-tax addition to loan loss reserves of $305 million ($185 million after tax).
Pentagon Federal Credit Union (PenFed) announced that all foreign transaction fees will be
removed from the "PenFed Premium Travel Rewards American Express Card." The Premium Travel Rewards Card earns rewards at the best rate within
PenFed's credit card portfolio, and is one of the most rewarding ...
Michael Rousseau was appointed Executive Vice President and Chief Financial Officer of Hudson's Bay Company in March 2001. Michael is responsible for overseeing the Company's financial operations....
Network
N/A
Issuer:
PNC
BMO Bank of Montreal has launched a new MasterCard product designed for Canadians that will provide cardholders with first-class benefits. To complement the MasterCard benefits, BMO is launching its proprietary rewards program that will provide customers with superior value, choice and flexibility.
