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NEW YORK - Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. CEO Vikram Pandit told managers earlier in the day he opposes breaking up the ...
Read moreChristmas shoppers who rely on credit cards for their spending can expect higher interest rates, fewer on-the-spot store credit offers and possibly fewer gifts under the tree. Tighter credit will bring challenges for shoppers and could doom the ...
Read moreLiberal MP Dan McTeague and Linda Leatherdale with petitions from readers protesting high interest charges on credit cards. (STAN BEHAL/Sun Media) Pat is among hundreds of Sun readers seeing red over gouging credit card rates and demanding Ottawa ...
Read moreThey say cash is king. This holiday season it may truly rule. As the nation's economy continues to deteriorate, some consumers are devising cash-only shopping strategies -- dropping credit card use and adding layaway -- because they want to weather ...
Read moreWall Street's problems have captured the attention of Congress, the White House and the media. But on the country's Main Streets, worried workers, struggling small business owners and cash-strapped families are wondering if anyone is paying attention ...
Read moreJust when you thought all of the economic dominoes had toppled, experts say another one is about ready to tip. Consumer credit-card debt - driven by years of spend now and pay later - might be the next blow to the nation's ailing economy. Credit ...
Read moreLuxury business-class flights for boss Rody Molloy and his wife, a €7,000 night out in a private dining room at the five-star Merrion Hotel, golfing at exclusive clubs, beauty salons and pay-per-view hotel movies are among the more extravagant ...
Read moreCHRISTMAS is expensive at the best of times so if you can’t afford to pay for the festivities out of your salary or savings and plan to use a credit card, now is the time to hunt down the right deal. “If you need to get a new card in time to do ...
Read moreT hey don't offend. They're easy to pick out. And people love to get them. Gift cards have mushroomed into the most requested holiday gift by consumers. Nearly 55 percent of people want to receive a gift card this year, according to the National ...
Read moreSAN FRANCISCO (Reuters) - The need by U.S. retailers' to sell in hard times has put them at odds with the lenders backing their credit cards. While stores aggressively promote use of their cards, lenders are increasingly wary of consumer defaults ...
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