China OKs Citi Credit Card Biz

Citigroup Inc. will launch its own credit card business in China, following approval from the China Banking Regulatory Commission.

Plans to sell credit card business dropped

THERE WERE unconfirmed reports yesterday that Bank of America intends to pull the sale of its Irish and British credit card business, which employs 750 people in Co Leitrim.

THL Credit Schedules Fourth Quarter Earnings Release and Conference Call

BOSTON -- THL Credit, Inc. ("THL Credit"), a middle market capital specialist, today announced that it will report its financial results for its fiscal fourth quarter 2011 after the market closes ...

Bank of America Pulls Sale Of UK Credit-Card Business - Source

The sale of MBNA Europe, Bank of America Corp.'s (BAC) U.K. and Ireland credit-card business, has been abandoned, a person familiar with the matter told Dow Jones Newswires Monday.

Thomas Cook To Sell Indian Foreign Exchange Business-Report

Travel company Thomas Cook Group PLC (TCG.LN) has hired Credit Suisse Group AG (CS) to sell off its Indian foreign exchange business, The Sunday Times reported without citing sources.

CreditCards.com Weekly Rate Report: Rates Hold Steady for Second Week

AUSTIN, Texas, Feb. 8, 2012 /PRNewswire/ -- The average interest rate on a new credit card offer remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report, though issuers ...

China OKs Citi Credit Card Biz - Analyst Blog

Citigroup Inc. ( C ) will launch its own credit card business in China. Its Chinese subsidiary Citibank (China) Co. Ltd. has received approval from the China Banking Regulatory

Kotak Buys Barclays' India Stressed Credit Card Business - Report

Kotak Mahindra Bank Ltd. (500247.BY) has bought the non-performing portfolio of Barclays Bank's credit card business in India, the Business Standard Newspaper reported Wednesday, citing unnamed sources.

Danish Credit Crunch Deepens as Firms Face Vicious Circle

Denmark’s credit crunch is getting worse as businesses accuse banks of withholding funds and the financial regulator warns that deteriorating asset quality may put more lenders out of business.

BofA Pulls Sale Of UK Credit-Card Business – Source

The sale of MBNA Europe, Bank of America's U.K. and Ireland credit-card business, has been abandoned, a person familiar with the matter told Dow Jones Newswires Monday.