U.S. Card Issuers Eye Aftermath of Summer of Mergers

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001224-us-card-issuers-eye-aftermath-of-summer-o/

By James B. Kelleher, Reuters

It’s been a summer of hot deal-making in the U.S. credit-card industry. But with autumn still weeks away, analysts say the consolidation trend may already be cooling.

In recent months, three stand-alone U.S. issuers — Providian Financial Corp., MBNA Corp. and Metris Cos. Inc. — have been snapped up by lenders hungry for the fee income and cross-selling opportunities they offer.

Naturally, the flurry of deals has sparked speculation about who might be next, but many analysts say the companies mentioned most frequently — American Express Co., Capital One Financial Corp. and Advanta Corp. — are unlikely targets for the near term.

The market seems to think otherwise.

For this complete story, please visit U.S. Card Issuers Eye Aftermath of Summer of Mergers.

U.S. Card Issuers Eye Aftermath of Summer of Mergers

Unknown Author

Featured Resources

Webinars

Help Wanted: Predictive, Collaborative and Intelligent Contact Data

About