“Citi mailed an estimated 346 million card offers to North American customers in the third quarter, according to figures to be released later this month by Mail Monitor, a unit of research firm Synovate. That is more than one for every man, woman and child in the U.S. One in three credit-card offers that landed in consumers mailboxes last month came from Citi, Mail Monitor estimates.”
“The flood of offers reflected bankers eagerness to snap up a piece of a big deal. The company wasnt expected to use anywhere near that much money. Indeed, United Technologies said Wednesday that it had agreed to buy Goodrich for $16.4 billion.”
“Discover Financial Services (DFS), the credit-card issuer and payments network outperforming two larger rivals this year, posted third-quarter profit that beat analysts’ estimates as loan-loss provisions declined.”
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