Latest news on ‘Financial Services’
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Goldman Sachs 3Q Net Down 40%, But Shares Up
NEW YORK (Dow Jones) – Goldman Sachs Group Inc.’s (GS) third-quarter earnings declined 40%, less than had been feared, as the giant investment bank’s revenue fell 27%.
Investment banking results helped [...] -
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 [...] -
Bank stocks keep falling as mortgage fears mount
WASHINGTON (AP) – Lurking mortgage problems left over from the collapse of the housing market sent bank stocks tumbling for a second day Friday and the cost of buying protection [...]
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Dollar Tree Announces Definitive Agreement to Acquire Canadian Dollar Giant Stores
CHESAPEAKE, Va. (BUSINESS WIRE) Dollar Tree, Inc. (NASDAQ: DLTR) today announced that it has signed a definitive agreement to purchase the assets of the Dollar Giant Store (B.C.) Ltd. This [...]
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Bank of America halts all foreclosure sales
NEW YORK (CNNMoney.com) – Bank of America is halting foreclosure sales in all 50 states as part of a widening investigation into flaws in the process, the company announced Friday.
The [...] -
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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AIG Announces Plan to Repay U.S. Rescue With Stock
Bloomberg – American International Group Inc. agreed to wind down its $182.3 billion bailout by converting the Treasury Department stake into common shares for sale, a step toward independence for [...]
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Scotiabank Announces Dividend on Common Shares
Scotiabank today declared a dividend on the outstanding shares of the Bank for the quarter ending October 31, 2010, as follows, payable on October 27, 2010 to shareholders of record [...]
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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 [...] -
HSBC in talks for $6.8B majority stake in Nedbank
LONDON (AP) — British bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group Ltd. of [...]
