U.S. Banks to Boost their Credit Card Lending Businesses

Banks in the U.S. are realizing that they are not generating enough revenues from traditional monetary products like stock and bond trading. Big banks like JPMorgan Chase and Citigroup are now focusing more on products like credit card loans. Banks wish to leverage the fact that consumers are conducting more and more transactions online and rely heavily on credit card usage. This gives banks wide opportunities to push their credit card based products.

Why the new focus on credit cards?

Wall Stre ...

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