AGP Executive Report
Last update: 6 hours agoCredit Card Debt: Martin Lewis warned that rising rates could mean shorter 0% balance-transfer offers, higher fees and post-promotion rates, and tougher approval criteria. The warning matters to the 18 million UK adults carrying card debt. A US survey also found 72% of cardholders who paid down balances later saw them grow again. Banking Shake-up: Truist plans to sell most of its LightStream personal-loan business, including $7.7 billion in loans, to Carlyle Group; it expects $7.2 billion in net proceeds to repay wholesale borrowings. The bank is also changing leaders in its consumer and small-business divisions. Digital Payments: Mastercard and Pakistan’s BankIslami will expand debit, credit and business cards, including Shariah-compliant products, and introduce a unified rewards platform.
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