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  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • Toyota Credit settles US discrimination allegations Tuesday, 2 Feb 2016 | 5:43 PM ET

    DETROIT— Toyota Motor Credit Corp. will pay $21.9 million to black and Asian borrowers as part of a settlement over alleged discriminatory lending. The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday. Ally Financial and Honda's U.S. finance arm have reached similar settlements.

  • WASHINGTON, Feb 2- Toyota Motor Credit Corp has agreed to pay up to $21.9 million in restitution to thousands of African-American, Asian and Pacific Islander customers, for charging them higher interest rates on auto loans than white borrowers with comparable creditworthiness, the U.S. government said. Toyota Motor Credit will also change its pricing and...

  • NEW YORK— Richard Davis, the chief executive of regional banking giant U.S. Bank, took his job at a terrible time: late 2006, just months before the housing bubble began to pop, which quickly led to the financial crisis and the Great Recession. While U.S. Bank weathered the financial crisis better than most large banks and even remained profitable, the aftermath of...

  • WASHINGTON, Feb 1- Banks lowered lending standards for U.S. households in the fourth quarter but tightened them for commercial and industrial loans, according to a survey of loan officers released on Monday by the Federal Reserve. The U.S. central bank said banks moderately eased standards for mortgages and auto loans while leaving them unchanged for credit...

  • MADRID, Feb 1- Spain's High Court said on Monday it would open a trial against former International Monetary Fund chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the ruling centre-right...

  • Spain: Ex-IMF boss to stand trial in bank card probe Monday, 1 Feb 2016 | 10:10 AM ET

    MADRID— Spain's National Court says it will try Rodrigo Rato, the former head of the International Monetary Fund, and 65 others for alleged misuse of corporate credit cards issued by Spain's Bankia group. The court said in a statement Monday that there were signs of fraudulent administration and misappropriation of bank funds by the accused in the use of the "...

  • MADRID, Feb 1- Spain's High Court said on Monday it will open a trial against former IMF chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the center-right People's Party, has denied wrongdoing in...

  • Nicholas Financial posts 3Q profit Thursday, 28 Jan 2016 | 9:54 AM ET

    CLEARWATER, Fla. _ Nicholas Financial Inc. on Thursday reported fiscal third-quarter net income of $2.7 million. Nicholas Financial shares have declined 12 percent since the beginning of the year. Keywords: Nicholas Financial, Earnings Report.

  • Discover Financial misses 4th-quarter profit forecasts Wednesday, 27 Jan 2016 | 4:31 PM ET

    RIVERWOODS, Ill.— Discover Financial Services on Wednesday reported fourth-quarter net income of $500 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share. Eight analysts surveyed by Zacks expected $1.8 billion.

  • PayPal earnings: 36 cents per share, a penny beat Wednesday, 27 Jan 2016 | 4:13 PM ET
    PayPal

    PayPal reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.

  • Santander Consumer misses 4Q profit forecasts Wednesday, 27 Jan 2016 | 6:37 AM ET

    DALLAS _ Santander Consumer USA Holdings Inc. on Wednesday reported fourth-quarter earnings of $67.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Three analysts surveyed by Zacks expected $1.71 billion.

  • NEW YORK, Jan 25- All this time you thought your romantic appeal was due to your clothes, your looks or your charming personality. Turns out, all you had to do was cut up your credit card. "People just don't want to enter into a relationship with someone with debt," said Sean McQuay, NerdWallet's credit card expert. "

  • Jan 22- Activist hedge fund ValueAct Capital Management LP, managed by Jeff Ubben, is no longer a shareholder in credit card issuer American Express Co, CNBC reported, citing sources. ValueAct Capital Management, which played a key role in shaking up Microsoft Corp's management, is known for making long-term investments. American Express and ValueAct Capital...

  • UPDATE 1-AmEx to cut $1 bln in costs by end of 2017 Thursday, 21 Jan 2016 | 6:18 PM ET

    Jan 21- Credit card issuer American Express Co said it would cut $1 billion in costs by the end of 2017 as it responds to intensifying competition in the payments industry. Net income attributable to common shareholders fell to $873 million, or 89 cents per share, for the quarter ended Dec. 31, from $1.44 billion, or $1.39 per share, a year earlier.

  • SOUTHWEST EXPECTS $110 MILLION BENEFIT IN FIRST QUARTER FROM CHASE CREDIT CARD MARKETING AGREEMENT- CFO.

  • *Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...

  • DELTA EARNED $100 MILLION IN FOURTH QUARTER FROM CREDIT CARD MARKETING AGREEMENT WITH AMERICAN EXPRESS- DELTA PRESIDENT.

  • PRELIMINARY BIDS FOR BARCLAYS' COMBINED IBERIAN CREDIT CARD BUSINESS DUE BY JAN 19- SOURCES.

  • MADRID/ LONDON Jan 19- Barclays is selling its credit card operations in Spain and Portugal, and Spanish bank Santander and U.S. private equity firm Apollo are among the interested parties, according to four sources familiar with the matter. It has already sold its retail and corporate banking divisions in Spain and Portugal as part of a drive to shrink its...