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>> CREDIT CARDS Latest News

AUG 29, 2015 - Business Insider

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How Fidelity's rumored new partnerships would significantly hurt American Express

Fidelity Investments, one of the world's largest mutual-fund companies, may sever its ties with American Express and Bank of America as the providers of its Fidelity Investment Rewards American Express cash-back rewards credit card, anonymous sources told Bloomberg. Fidelity is currently weighing bids from Visa and MasterCard and may also be choosing an issuer to replace Bank of America. The ...

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AUG 27, 2015 - Washington Business Journal

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Fidelity mulling end to American Express, Bank of America partnerships

Fidelity Investments is reportedly considering ending its partnership with American Express and Bank of America on cash-back credit cards. Visa (NYSE: V) and Mastercard (NYSE: MC) are in talks with the asset management giant to replace American Express (NYSE: AXP) as its card partner, Bloomberg has reported, citing anonymous sources. The cards allow customers to earn 2 percent cash back ...

Tags: Fidelity mulling end to American Express, Bank of America partnerships,  Credit Cards Latest News

AUG 27, 2015 - TheStreet

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Merger Arb Funds See Opportunity as Volatility Widens Deal Spreads

NEW YORK (The Deal) -- Merger arbitrage funds have viewed the market's volatility in recent days as a buying opportunity because it has widened spreads on deals that are likely to get done anyway. If the market slide continues, however, these investors may have to unwind some positions if lack of deal financing forces mergers to be cancelled or if share prices ...

Tags: Merger Arb Funds See Opportunity as Volatility Widens Deal Spreads,  Credit Cards Latest News

AUG 26, 2015 - Business Insider

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Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg

(Reuters) - Mutual fund provider Fidelity Investments is considering dropping American Express Co and Bank of America Corp to find new partners and better terms, Bloomberg reported, citing people familiar with the matter.Visa Inc and MasterCard Inc are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying.Warehouse club retailer Costco Wholesale Corp said on Feb. 12 that it would ...

Tags: Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg,  Credit Cards Latest News

AUG 26, 2015 - Forbes

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When Will This Bubble Burst?

American consumers have about $14 trillion in debt and a net worth of over $80 trillion according to the Federal Reserve. Net worth is the sum of the values of all assets, real and financial, that consumers own, less their debt, including mortgage debt, leases, credit cards and the like. The wealth we hold is a way of storing purchasing ...

Tags: When Will This Bubble Burst?,  Credit Cards Latest News