DUBAI/WAM Waleed Saeed Al Awadhi, Chief Executive Officer of the UAE Capital Market Authority (CMA), …
Read More »Credit-card rewards war crimps bank profits
Bloomberg A rewards war that’s helped U.S. credit-card customers amass points for perks or cash proved costly in the latest quarter for some of the nation’s biggest banks. That may signal fresh pain at American Express Co. Issuers have sweetened rewards, cut fees and sought to improve services to lure customers, making it tougher to grow profits. In the …
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