Charles M. Cawley

Dictionary Says

Definition of 'Charles M. Cawley'


Best known as the co-founder and former president, CEO and chairman of credit card issuer MBNA. Cawley co-founded MBNA in 1982 and it went public in 1991. One of the ways he expanded the company was through affinity marketing, a customer-loyalty strategy that Cawley brought to the credit-card industry. His first affinity product was a credit card for Georgetown University alumni. He also employed credit analysts to help the company attract financially responsible cardholders.
Investopedia Says

Investopedia explains 'Charles M. Cawley'


Cawley was born in 1941 in New Jersey and graduated from Georgetown in 1962. He began his career with Maryland Bank National Association, where he worked for nearly 20 years before starting MBNA.

comments powered by Disqus
Hot Definitions
  1. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  2. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  3. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  4. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  5. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  6. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
Trading Center