Black Friday kicked off shopping spree also helped along by weather, First Data says.
TMG's analysis echoes similar findings from card processing rivals First Data and CO-OP Financial Services.
JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.
For Frank Berrish, president/CEO of the $2.6 billion Visions Federal Credit Union in Endicott, N.Y., the end of November is turning into a barn burner – $10 million in Black Friday loans and completion of two mergers on the same day.