Stocks of credit card companies slump as Wall Street overall drifts in mixed trading

Stocks of credit card companies are dropping after President Donald Trump threatened moves that could eat into their profits ...

Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt

Even people who don't use credit cards pay more for everyday goods because merchants raise prices to cover card fees, said ...

Stocks fall on Wall Street after Powell says Trump trying to undermine the Fed’s independence

U.S. futures sank Monday after U.S. Federal Reserve Chair Jerome Powell said the U.S. Department of Justice had served the ...

Wall Street dips on renewed concerns over Fed’s independence, Citi tumbles 3%, AmEx sheds 4%

As of 10 a.m. Eastern Time, the S&P 500 edged down by 0.1%, the Dow Jones Industrial Average was down 0.4%, and the Nasdaq ...
American Banker

Bank CEOs warn rate cap would have 'unintended consequences'

A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea ...
Barron's

Synchrony Financial Dep. Pfd. (Rep. 1/40th Non-Cum. Perp. Pfd. Series B)

Synchrony Financial engages in the provision of consumer financial services. It focuses on digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet, and other industries. The ...