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  • 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...

  • Reflecting this, Bank of America's 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. BofA said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the quarter, from $2.74...

  • PHILADELPHIA, Jan 13- A former Capital One Financial Corp analyst was found liable on Wednesday on civil charges that he engaged in insider trading by using non-public sales data from the credit card issuer to buy and sell stocks. A federal jury in Philadelphia agreed with the U.S. Securities and Exchange Commission that information used by the Capital One...

  • Jan 11- A former Capital One Financial Corp analyst, accused by U.S. regulators of using sales data from the credit card issuer to engage in insider trading, goes on trial on Monday in federal court in Philadelphia. The civil trial of Nan Huang follows a complaint by the U.S. Securities and Exchange Commission a year ago against both him and another former Capital...

  • Offshore yuan borrowing rates spike Monday, 11 Jan 2016 | 1:17 AM ET

    The cost of borrowing offshore yuan in Hong Kong's interbank market surged Monday as the amount of spare renminbi in the banking system declined.

  • SAO PAULO, Jan 9- Brazilian lenders Banco Bradesco and Banco do Brasil are in talks to buy Citigroup's stake in a credit card processing joint venture with Elavon Inc, a source with knowledge of the negotiations said on Saturday. Reuters reported in November that Citigroup had put the stake up for sale after Brazil's central bank said the joint venture needed...

  • BOSTON, Jan 4- Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12- year partnership that has generated billions of dollars in fees. The switch is another setback for American Express, already reeling from its lost deal with warehouse club retailer Costco Wholesale Corp....

  • Fidelity drops credit card partners Amex, BofA Monday, 4 Jan 2016 | 7:31 AM ET
    Fidelity Investments

    Fidelity said it is dropping American Express and Bank of America, ending a 12-year partnership that has generated billions of dollars in fees.

  • BOSTON, Jan 4- Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12- year partnership that has generated billions of dollars in fees. The switch is another setback for American Express, which already is reeling from its lost deal with warehouse club retailer Costco Wholesale...

  • Holiday retail sales get a boost Monday, 28 Dec 2015 | 10:00 AM ET
    Holiday retail sales get a boost

    The demand for furniture and woman's clothing helped give u-s retail sales a boost nearly 7.9-percent.

  • In Sweden, a cash-free future nears Saturday, 26 Dec 2015 | 4:27 PM ET
    Nina Galata displays her smartphone equipped with a card reader to accept donations and payment for Situation Stockholm, Stockholms homeless magazine.

    Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic. NYT reports.

  • That 'great' credit score you got? Probably wrong Saturday, 26 Dec 2015 | 12:00 PM ET
    Car dealership

    Varying credit scores can lead to consumer confusion, frustration and anger. But you can clean up the mess made by the financial industry.

  • The safest way to pay for your last-minute shopping Thursday, 24 Dec 2015 | 8:00 AM ET
    The safest way to pay for your last-minute shopping

    Shoppers take note: this is how to keep your personal information secure when paying for those last minute holiday gifts.

  • Apple Pay will officially launch in China next year Thursday, 17 Dec 2015 | 10:35 PM ET
    Apple Pay app on an iPhone

    Apple and China UnionPay have announced a partnership to officially bring Apple Pay to China by early 2016, underscoring the latest battle for customers in the world's second-largest economy.

  • Dec 17- Apple Inc said on Thursday it had partnered with China UnionPay to launch payment service Apple Pay in China for China UnionPay cardholders by early 2016.. "China is an extremely important market for Apple and with China UnionPay and support from 15 of China's leading banks, users will soon have a convenient, private and secure payment experience," said...

  • For all anxious credit card holders: Will the Fed hike hurt?

    Matt Schulz, senior industry analyst at CreditCards.com, says while a 25 basis point Fed rate hike won't make a dent for credit card holders, the rate hikes that follow, will.

  • Wal-Mart the weakest Dow performer, but still sound: Pro Thursday, 10 Dec 2015 | 11:07 AM ET
    Wal-Mart the weakest Dow performer, but still sound: Pro

    Despite the fact Wal-Mart is on pace to be the worst Dow performer in 2015, losing nearly a third of its value, Joseph Feldman, Telsey Advisory Group senior managing director, says its fundamentally sound.

  • MasterCard-backed mobile ticketing app raises $12M Monday, 7 Dec 2015 | 8:00 AM ET
    MasterCard-backed mobile ticketing app raises $12M

    British start-up Masabi aims to save people time by getting rid of lines and paper tickets.

  • An invite-only black card for millennials Friday, 4 Dec 2015 | 7:00 AM ET
    An invite-only black card for millennials

    Magnises founder Billy McFarland pitches his start-up to a panel of experts on CNBC.

  • Law saves billions on credit card fees; risks remain Thursday, 3 Dec 2015 | 6:09 AM ET
    Stack of credit cards on statement

    Credit card holders have avoided more than $16 billion in fees, but they are still vulnerable to aggressive collections and high costs.