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On Thu, 02 Jul 2009 00:37:15 GMT, "Patient Zero 2.03.....I'm a non-attorney spokesman" <...@hotmail.com
Citi raises rates on millions of credit cards: report
a..
Wed Jul 1, 2:07 am ET
(Reuters) - Citigroup Inc has increased interest rates on up to 15 million
U.S. credit card accounts just months before curbs on such rises come into
effect, the Financial Times reported citing people close to the situation.
Citigroup had upped rates on 13 million to 15 million credit cards it
co-brands with retailers such as Sears, the paper said.
In a statement, Citigroup said "We have adjusted pricing and card terms for
some customers as part of our regular account reviews. This is an ongoing
process to ensure we offer terms, interest rates, credit lines and products
based on individual needs and risk profiles."
"These changes also reflect the dramatically higher cost of doing business
in our industry as we work to preserve the broad availability of credit,"
Citigroup told the paper.
Citigroup could not be immediately reached for a comment by Reuters
--
No more Cyber Sunday or No Mercy.
- WWE has changed the name of the October 4th PPV from No Mercy to "Hell in
a Cell". WWE has been thinking about doing a PPV where the main events were
all Cell matches, so this may be it. TNA does Lockdown, the lemmings laugh
at it. McMahon will do something similar, the lemmings will hail it as
genius.
- WWE has changed the name of the October 25th PPV from Cyber Sunday to "WWE
Annihilation".
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