BofA and Citibank Among Top 10 Western Europe Credit Card Issuers

The Top 10 credit card issuers in Western Europe based on number of cards in issue last year is listed below: [TABLE=584] Source: Lafferty Group Barclays Plc(BCS) of the UK tops the  ranking with over 13 million cards issued thru its Barclaycard division. It is interesting to note that Bank of America’s MBNA unit(BAC) and …

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Credit-Card Debt Falls in the U.S. but Rises in Brazil and China

Credit-card debt in the U.S. recorded the twenty-fourth straight monthly decline in August according to the Federal Reserve. Revolving credit-card debt fell $5.0 billion 0r 7.2% in August. As US consumers continue the process of balance-sheet de-leveraging, the outstanding credit-debt will decline further. However while the outstanding credit-card debt is declining in the U.S, it …

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Five Large Cap German Stocks To Consider

Among the European economies Germany has recovered strongly since the credit crisis ended. Much of the credit for this success can be attributed to the excellent policies implemented by the German government despite facing many pressures such as the bailout of Greece. The labor market continues to show improvement with the unemployment rate falling to …

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