Latest news on ‘Financial Services Secondary’
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Fed Data Shows Households Attack Mountain of Debt
Yahoo – The long slog continues. The feature of the post-crisis economy has been a two-speed recovery. As a group, companies have done extremely well. Corporate profits and cash holdings [...]
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Capital One snags HSBC credit card business
The Washington Post – Capital One Financial announced Wednesday a $2.6 billion deal for the U.S. credit card portfolio of London-based HSBC Holdings, a move that would make the McLean [...]
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American Express 4th-qtr profit leaps 49 percent
NEW YORK (AP) — American Express Co. on Monday said its fourth-quarter profit rose 49 percent, as its customers spent more and got better about paying their bills.
The card issuer [...] -
Credit card writedowns mostly improve in September
NEW YORK (AP) — Credit card default rates mostly fell in September, but improvements in late payments slowed for most of the major card issuers.
American Express, Discover, Chase, Bank of [...] -
MasterCard, Visa Settle as Amex Fights U.S. Lawsuit
Bloomberg – Visa Inc. and MasterCard Inc. reached a settlement with the U.S. Justice Department to resolve a two- year probe over restrictions on merchants, while American Express Co. vowed [...]
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New credit card rules will help consumers better manage debt
Monday, Baylor University’s bookstore was filled with students as many headed to their first class of the semester.
Many students were using credit cards to pay for their books. A new [...] -
Visa, MasterCard rise on swipe-fee regulation pact
SAN FRANCISCO (MarketWatch) – Visa Inc. and MasterCard Inc. shares climbed Monday as U.S. politicians reached an agreement on the regulation of interchange, or “swipe,” fees on credit and debit [...]
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Citi Attracts Interest From Middle-Eastern Investors
NEW YORK (Dow Jones)–The Qatar Investment Authority has been interested in buying Citigroup Inc. (C) stock from the U.S. Treasury Department, according to a person familiar with the matter in [...]
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Obama hails new credit card rules
by David Jackson – Starting today, credit card companies have to give you ample notice if they change credit card rules.
“These new rules don’t absolve consumers of their obligation to [...] -
AIG Lowers Fed Debt, Transfers Non-U.S. Life Insurers
By Kevin Crowley and Hugh Son
(Bloomberg) – American International Group Inc. lowered its debt by $25 billion as the company transferred two overseas life insurance units destined for sale to [...]
