MCE

US banks finally see upturn in credit-card borrowing

NEW YORK, June 10 (Reuters) – Big US banks including JPMorgan Chase & Co (JPM.N) and Citigroup (CN) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. Last week, JPMorgan Chairman and CEO Jamie Dimon warned …

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US steps up fight against Omicron as variant marches across globe

Four US states find cases of Omicron variant Yellen says variant could slow growth ‘Situation is very serious,’ say Germany’s Merkel Omicron may cause half of European infections in months WASHINGTON / BERLIN, Dec 2 (Reuters) – President Joe Biden on Thursday laid out his strategy to fight the coronavirus as the highly contagious Omicron …

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AmEx raises revenue forecast on surging travel spending

Credit cards of American Express are photographed in this illustration picture March 17, 2016. REUTERS / Kai Pfaffenbach / File Photo Register now for FREE unlimited access to Reuters.com Register July 22 (Reuters) – American Express Co’s (AXP.N) quarterly card spending soared to a record as pandemic-weary travelers shrugged off rising airfare to throng airports, …

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