|
Rediscovering the Discover card.(Discover Card)
From:
US Banker
| Date:
December 1, 1998| Author:
Leuchter, Miriam
| COPYRIGHT 1998 Thomson Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
|
The Discover card, the sleeping giant of the credit card industry, has begun to stir. Just since mid-September, the cash-back bonus pioneer has gotten a new advertising campaign, a new president/chief operating officer and even a new corporate identity. The question for owner Morgan Stanley Dean Witter & Co. is whether the changes underway at Discover will be enough to revitalize a brand whose share of the acutely competitive credit card market has been eroding for more than five ...
Related newspaper, magazine, and journal articles from HighBeam Research
|
Street Discovers Morgan's flaws; Card unit's best of underperforming lot; once-respected firm a class act no longer.(News)(Morgan Stanley's Discover credit card unit in turmoil)
Crain's New York Business
; Byline: Aaron Elstein After Morgan Stanley Chief Executive Philip Purcell said last week that something imaginative'' needs to be done with his firm's Discover credit card unit, analysts were quick to pounce. Some went so far as to suggest that the best thing would be to sell off the business
|
|
Record Business insider : Goldfish are caught in pounds 1bn credit card deal; 300 Scots jobs switch in Morgan Stanley move.(Business)
Daily Record (Glasgow, Scotland)
; Byline: By Alasdair Northrop THE Goldfish creditcard is setto be snapped up by Morgan Stanley for pounds 1billion The deal with Goldfish owners Lloyds TSB is expected to be completed by February. It will see Goldfish's 800,000 customers added to Morgan Stanley's 1.5million credit card holders. The
|
|
Morgan Stanley may face deep cuts
China Daily
; ... than anyone to make it work," David Trone, an analyst at Fox-Pitt, Kelton said in a research note to clients yesterday. "The bad news, in our view, is that this is a very serious longshot." John Mack, 60, who replaced Purcell as chairman and CEO on June 30, has ...
|
|
Market would covet Discover biz; But Morgan Stanley says it will keep credit unit.(News)
Crain's Chicago Business
; Byline: STEVE DANIELS About a year ago, Morgan Stanley CEO John Mack reversed his predecessor Philip Purcell's decision to spin off the Discover card business headquartered in the northern suburbs. Mr. Mack may want to rethink that move after the successful initial public offering of MasterCard
|
|
Visa and Morgan Stanley fight antitrust battle in Europe
International Herald Tribune
; Paul Meller International Herald Tribune 04-02-2005 Is Visa International, the credit card company, acting illegally by refusing to allow Morgan Stanley, a bank, to issue Visa cards in Europe? That is the question both companies are coming to Brussels next week to try to answer in a two-day
|