Gang of Six U.S. Card Issuers Add 130 bps YOY Marketshare in Q1
The Big 6 issuers, based on U.S. total outstandings of $1000.9 billion, control 50.8% of the U.S. bank credit card business at the end of the first quarter (1Q/17), up 170 basis points (bps) from one-year ago. There has been clear shift among the peer group with Citibank snatching significant marketshare from the others, according to…