Consumers Boost Citigroup’s Second-Quarter Performance
The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.
Walmart Files Suit Against Synchrony Financial
The retail giant is seeking $800 million in damages from its former private-label credit card partner.
Amex, Amazon Rolling Out Small-Biz Credit Card
Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.
SEC Says Centra Tech ICO Was a $32M Fraud
The startup's co-founders spun a "web of lies" to deceive investors into participating in its initial coin offering, according to an SEC lawsuit.
Banks Losing More to Synthetic ID Fraudsters
A TransUnion report finds outstanding suspected synthetic fraud balances on credit cards rose 5.2% in the fourth quarter of 2017 to $290 million.
Household Debt Continues Slow Climb
U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.
Synchrony Loss Warning Jars Market
Is a new round of consumer credit losses on the way for financial institutions?
Only 37% of Retailers Equipped for Chip Cards
The slow pace of implementing the EMV credit and debit card technology leaves merchants open to liability for fraudulent transactions.
American Express to Slash $1B in Expenses
The company is combining its banking, risk, and legal organizations into a single group and appointing a new chief risk officer.
Access to Capital High But Demand is Wavering
Small and midsize businesses successfully secured capital this quarter but their demand for funding fell.
New Chip Cards Have Security Flaw, Retailers Say
Merchants worry that the chip ‘n’ signature cards being distributed in the U.S. by banks and other issuers are less secure than chip 'n' pin.