HSBC sets sights on Russia
UK banking group HSBC is regarded as one of the most globally outward-looking banks with a focus on emerging markets.…
ByMonth: March 2008
Visa raises $17.9bn in record-setting initial public offering
The long-awaited Visa initial public offering (IPO) has now been launched, with the payments network selling 406 million class A…
ByTarget in talks to sell credit card stake
Target, the second-largest US discount retailer, is in negotiations to sell about half of its credit card portfolio to an…
ByDiscover reports fall in net profits following Goldfish sale
Discover Financial Services has reported that its first-quarter net profit fell 65 percent, mostly related to a $158 million loss…
ByRegion round-up
Koreas largest lender, Kookmin Bank, plans to spin off its credit card unit after setting up a holding company as…
ByGloomy outlook for UK consumer credit
A combination of pressures on the UK consumer credit market means that issuers will have to employ an array of…
ByCongress turns up heat on card issuers
Merchants in the US are stepping up the pressure against issuers and networks over interchange, and new proposed legislation, if…
ByBelt-tightening hits loyalty programmes
With banks facing increased financial strain, customer loyalty schemes may be the solution for driving cardholder spending and acquisition. However,…
By