Houses of cards: American banks
Article Abstract:
Banc One surprised the industry by buying credit-card specialist First USA Inc for $7 billion, over 5.5 times its book value. First USA has done well in a time of increasing bad consumer debt, but it will have to produce exceptional growth to make the deal worthwhile to Banc One.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Charge! Credit cards
Article Abstract:
UK credit card issuers are beginning to face stiff competition from US issuers such as MBNA and Advanta. US companies have better technology, run a more efficient operation and charge customers less than their British rivals.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Campbell Soup revamps operations in North America. Brand cuts are planned at Unilever. Sara Lee executive to leave to run web cooperative
- Abstracts: Hair care products in Germany. The Spanish market for hair care. The Spanish market for men's toiletries
- Abstracts: Roadblocks: Palestinians and Israelis. Can it fly?
- Abstracts: Hammer houses of horror. Bid for the top. Under the hammer
- Abstracts: Hands off the Internet. Feeling insecure. Barter's latest comeback