Duncan MacDonald

Author and Lawyer (retired)

Duncan MacDonald is an author and banking attorney. He was previously Citigroup's group counsel for its bankcard businesses in North America and Europe before retiring in 1999.

Policymaking

How credit card issuers can help curb gun violence

Issuers should take seriously critics’ claims that they need to monitor the sale of guns more closely, before policymakers force the issue.

By Duncan MacDonald

January 8

TRENDING

Community banking

Insurance deal too rich for Trustmark to pass up, CEO says

The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.

By John Reosti

1h ago
Consumer lending

Synchrony hikes interest rates on credit cards to offset late-fee rule

The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.

By Polo Rocha

1h ago
Industry News

Bank of America, Goldman Sachs CEOs hang onto their board chair hats

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

By Allissa Kline

2h ago