12 October, 2014 by The TZ Newswire Staff Comments Off on U.S. banks ramp up credit card lending but margins may suffer
U.S. banks ramp up credit card lending but margins may suffer
As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses. JPMorgan Chase & Co, (JPM.N) Citigroup Inc (C.N) and other big banks are making more credit card loans, after years of focusing mainly on customers who paid off their balances each month. Lenders hope that in an era when consumers are conducting more of their banking online and less in branches, an increased emphasis on credit cards will help them sell more products to their customers.
12 October, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Canadian Pacific approached CSX about merger deal
The Wall Street Journal: Canadian Pacific approached CSX about merger deal
Canadian Pacific Railway Ltd. approaches CSX Corp.
12 October, 2014 by The TZ Newswire Staff Comments Off on China steel now as cheap as cabbage, weighing on global price
China steel now as cheap as cabbage, weighing on global price
As global steel prices face downward pressure from falling demand, the situation in China is making the problem all the more intractable, as overcapacity is prompting Chinese steel enterprises to cut their prices in order to boost exports.
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12 October, 2014 by The TZ Newswire Staff Comments Off on Twitter users in France can now tweet money
Twitter users in France can now tweet money
One of France’s largest banks is teaming up with social network Twitter this week to allow its customers to transfer money via tweets.
12 October, 2014 by The TZ Newswire Staff Comments Off on Neighbors of Dallas Ebola patient concerned
Neighbors of Dallas Ebola patient concerned
City officials informed residents of a Dallas neighborhood that someone who lives nearby had tested positive for Ebola. NBC News reports.
12 October, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Asian market hubs move into gold
The Wall Street Journal: Asian market hubs move into gold
Asians buy most of the world’s gold, but nearly all of it trades in London.
12 October, 2014 by The TZ Newswire Staff Comments Off on Of tech firms reporting this week, which are you long?
Of tech firms reporting this week, which are you long?
Tech firms unveiling earnings this week will be in focus after the Nasdaq closed over 2 percent lower on Friday.