Gerard Cassidy
Gerard Cassidy
banks force major move remain strategic
For big banks that want to remain major players, this move is going to force them to make strategic mergers, just like 1998.
help peer pressure relative remain until
This announcement will help with Mellon's profitability. But until (the stock) does better relative to their peer group, pressure from shareholders will remain intact.
banks hard rock
Banks are between a rock and a hard place.
balances business card cards commerce credit product profit profitable revolving
The real profit in the credit card business is the revolving balances. Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge.