HomeAbout

TL;DR CNBC


American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say - TL;DR CNBC

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say

Publishing timestamp: 2024-09-20 13:00:01


Summary

American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping Barclays. The negotiations aim to boost revenue from loyalty programs and co-brand credit card deals. The deal is still ongoing and subject to regulatory approval. Citigroup has a good chance of prevailing over Barclays due to its more profitable side of the business.


Sentiment: NEUTRAL

Tickers: CDALAALBARC-GBAXP

Keywords: delta air lines incbreaking news: investingamerican express cocitigroup incbusiness newscredit cardsbarclays plcinvestment strategyamerican airlines group incbanksairlinesbreaking news: markets

Source: https://www.cnbc.com/2024/09/20/american-airlines-credit-card-talks-to-pick-citigroup-over-barclays.html


Developed by Leo Phan