Cross selling for credit card issuers
Posted on March 23rd, 2010
Credit card issuers will often cross sell other financial services to their credit card clients. This takes a number of forms.
To a bank, a credit card is simply another financial product among many. It is essentially a loan facility that has a greater flexibility and administrative overhead than other loans tend to. The fact that a large part of it is administered by a credit card provider such as VISA or MasterCard does not change the essential nature of a credit card.
US Home Sales Down In February
Posted on March 23rd, 2010
US home sales fell in February, revealed the National Association of Realtors (NAR).
Euro Falls To A 10-Month Low Against Dollar
Posted on March 23rd, 2010
Value of the Euro is falling and the Greek debt crisis is not helping. The euro continues to lose value as investors remain concerned about a solution for Greece’s fiscal problems.
The currency fell to a record low of 1.4232 francs on trading platform EBS, while falling to an all-time low against the Australian dollar to $1.4654.
Against the US dollar, it fell to $1.3459 – close to a ten-month low of $1.3432.
Greece currently has the highest debt of the 16-member euro zone, at €300 billion (£273 billion) and its economy is considered to be the euro zone’s weakest.
The country is currently taking action to reduce its public deficit from 12% to 8% of GDP this year.
However, concerns over how it plans to achieve this have sent the euro plummeting as investors become nervous.
All eyes will be on the European Union summit, scheduled to take place tomorrow, in which Greece’s debt crisis is set to be the main topic of discussion.
M&T Bank
Posted on March 23rd, 2010
M&T Bank founded in 1856 in western New York is today headquartered in Buffalo at One M & T Plaza with assetts of over $64billion. M&T Bank is rated the 20th largest bank in the US. M&T stands for Manufacturers and Traders Trust Company and it has over 700 branches located in Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, New Jersey, and Washington, D.C.
Quick M&T Bank Stats
Type – Public (NYSE: MTB)
Founded – – 1856
Headquarters – Buffalo, New York
Key people – Robert G. Wilmers, Chairman,Mike Pinto, Vice Chairman, Mark J. Czarnecki
EU Frantic For A Greek Debt Solution As Euro Slides
Posted on March 23rd, 2010
European leaders are facing a moment of truth at a Thursday summit, as markets press them to come up with a financial safety net for Greece — with help from the International Monetary Fund — to stop the euro’s slide and keep debt crises from afflicting more eurozone countries.
The euro hit a 10-month low against the U.S. dollar on Wednesday as leading credit ratings agency Fitch Ratings downgraded Portugal’s debt, turning up the volume on investor fears that Europe’s currency union has no way to shore up members with troubled economies.
EU Commission President Jose Manuel Barroso called on European governments to end dithering over what to do and agree on a detailed plan of financial help for Greece. He said t
Using Credit Cards To Enhance Online Business Credibility
Posted on March 23rd, 2010
At first, there was the concept of putting up a business at home. This concept has undergone several changes in recent years. Today, with the emergence of modern technology, online home-based businesses have become the latest talk in town with selling and buying transactions often processed through credit cards.
Online or Internet-based businesses, however, have assumed a somewhat notorious reputation. This is because some of these offer bogus products or services, and have even consequently fooled quite a number of people.
Still, these nefarious online activities have somehow been reduced in recent years.