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.
Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
Banking industry, Mergers, acquisitions and divestments, ONE, Banc One Corp., First USA Inc., FUS
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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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.
Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
Competitions
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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Subjects list: Bank credit cards, Credit and debit card industry, Credit card industry
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