LONG AND SHORT OF IT: Credit cards are "one of our biggest opportunities," Wells Fargo CEO John Stumpf, left, said. Regions Financial customers have increased card spending by "double digits," and their "modest" carry-over balances suggest they will be valuable customers in the long run, CEO Grayson Hall said.
A year ago, bank executives were taking a hard look at credit cards — if they didn't offer one, they were seriously considering it; and if they already offered a card, they wanted to boost its profile. The moves have paid off with huge growth rates.
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