Chinese consumers worry more about where they can pay bankcard bills than other factors when choosing credit cards, suggest survey data from Analysys International, a Beijing-based research company. The findings, based on 3,974 questionnaires sent in March to adult Internet users in China, show that 63% of respondents were concerned about convenient ways to pay card bills-whether at ATMs, bank branches or convenience stores. Fifty-five percent of respondents said they worried about card safety. About half of respondents said they considered the card brand when choosing a credit card, while nearly the same percentage considered annual fees. Almost 30% said they were concerned with reward points, while about 12.6% cared about gifts that come with cards.
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The Charlotte, North Carolina-based bank stopped originating marine and recreational vehicle loans during the second quarter. Executives said the change will reduce net interest income in the short term, but deliver higher profitability over the long run.
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Clients with concentrated stock holdings might be better off turning their portfolios into ETFs in a tax deferral transaction called a Section 351 conversion.
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The customer-sourced investment will continue to support the digital banking provider's AI and digital loan origination initiatives.
7h ago -
Banks are posting record profits, benefitting from being in the middle of a hot credit cycle. Everything is going their way. The only question is, how long can it last?
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A coalition of 20 state attorneys general, most of them Democrats, is opposing efforts by the high-cost lenders Enova International and Opportunity Finance to acquire banks. The state AGs warn that the companies are trying to dodge state interest-rate caps.
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FINRA's annual snapshot shows how the wealth industry is changing, from key business metrics and marketing trends to shifts in registration and a shrinking branch footprint.
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