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Citi is beefing up leadership in its consumer card lending operations by recruiting Chase exec Pam Habner — credited with engineering the success of Chase’s Sapphire Reserve card — and former Citi exec Chris Fred, who will return after several months of working at Goldman Sachs on Apple Card products.March 24
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The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants.March 2
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With health organizations warning of a global outbreak, banks are starting to assess the risks to their bottom lines.February 28
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The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.January 29
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The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.January 23
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Ally and other direct banks continue to report strong deposit growth even as they slash the rates they pay to depositors. The trend suggests that the online-only approach has more staying power than its detractors believed.January 22
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Though many merchants remain wary of alienating their customers with fees, others now see an opportunity to recoup the growing costs associated with accepting plastic.January 9
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The company is reportedly paying bonuses to get retailers to accept its cards; both sides offer different take of rare get-together.November 19
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Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.November 8
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While American Express initially lost customers after JPMorgan Chase introduced the popular Sapphire Reserve premium card in 2016, the firm said it's seen a 60% increase in growth in Platinum accounts.November 5
