[ad_1] Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. …
Tag: AXP
American Borrowers Are Getting Closer to Maxing Out
[ad_1] A happy holiday shopping season might not end up being an especially cheery time for lenders. Card loans are still growing, on average rising 1.6% in October over September…
Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G
[ad_1] Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the…
WSJ News Exclusive | Goldman Is Looking for a Way Out of Its Partnership With Apple
[ad_1] American Express is in talks to take over Goldman’s card deal and other ventures with the tech giant. [ad_2] Source link
WSJ News Exclusive | Big Banks Could Face 20% Boost to Capital Requirements
[ad_1] Those relying on fees might need bigger buffers to absorb losses under planned rules. [ad_2] Source link
Online Banks Are Winning the Deposit War
[ad_1] Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers. [ad_2] Source link
Warren Buffett Has a History With Banks—as a Critic and Investor
[ad_1] The CEOs and directors of failed banks should suffer, said the billionaire investor and longtime bank shareholder. [ad_2] Source link
Warren Buffett’s ‘Secret Sauce’ Involves One of Investing’s Most Basic Strategies
[ad_1] Dividend stocks are core for the famed investor, whose fans will flock to Omaha, Neb., on Saturday for Berkshire Hathaway’s annual meeting. [ad_2] Source link
Why Spending Less May Be Good News for Card Companies
[ad_1] Investors in card lenders should be happy to see consumers not overspending. [ad_2] Source link
Biggest Banks Shed Billions As Credit Suisse Decline Fuels Selloff
[ad_1] JPMorgan, Bank of America, Citigroup and Wells Fargo have lost about $91 billion in market value over the past week. [ad_2] Source link