*First quarter earnings $1.31/ shr vs est $1.25. April 22- Credit card issuer Discover Financial Services reported a first-quarter profit that beat Wall Street estimates as its high-spending customers more than made up for the slower growth in overall U.S. consumer spending.» Read More
NEW YORK, April 10- American Express Co, Citigroup Inc and Discover Financial Services won the dismissal of a lawsuit accusing them of colluding to force credit card holders to settle disputes through arbitration rather than class action lawsuits.
THE HAGUE, Netherlands— Law enforcement authorities have arrested 70 people at airports around the world in a meticulously coordinated crackdown targeting criminals using fake or stolen credit cards to buy airline tickets.
WASHINGTON, April 9- Bank of America agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products, U.S. regulators said on Wednesday. Bank of America neither admitted nor denied wrongdoing, the bureau said.
WASHINGTON, April 7- U.S. consumer credit rose more than expected in February, likely reflecting a surge in demand for student and automobile loans. Total consumer credit increased by $16.49 billion to $3.13 trillion, the Federal Reserve said on Monday.
*Popular in talks with Citi over Spanish retail unit. MADRID, April 4- Banco Popular said on Friday it was in talks to buy Citigroup's retail banking and credit card business in Spain, where other foreign players struggling to compete with local banks after a financial crisis have considered exits.
WASHINGTON, April 3- Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said.
WASHINGTON, April 3- Bank of America Corp is close to a settlement with the U.S. Consumer Financial Protection Bureau over problems with products sold as add-ons to credit cards, sources familiar with the talks said.
US CONSUMER REGULATOR CLOSE TO SETTLEMENT WITH BANK OF AMERICA OVER CREDIT CARD ADD-ON PRODUCTS-SOURCES.
April 3- Bank of America Corp is in talks to may pay more than $800 million to settle allegations by the Consumer Financial Protection Bureau that it forced customers to sign up for extra credit-card products, the Wall Street Journal reported, citing people familiar with the matter.
April 1- Wells Fargo& Co said on Tuesday that it agreed to issue and service credit cards for retailer Dillard's Inc, the latest move by the fourth-largest U.S. bank to boost its card business.
April 1- Two U.S. banks that sued Target Corp and credit card security firm Trustwave Holdings Inc over responsibility for one of the largest data breaches on record have at least for now dropped their lawsuit.
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LONDON/ STOCKHOLM, March 31- U.S. conglomerate General Electric Co is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros, as it retreats from the finance sector, sources close to the matter told Reuters.
LONDON/ STOCKHOLM, March 31- U.S. conglomerate General Electric is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros, as it retreats from the finance sector, sources close to the matter told Reuters.
March 29- Trustwave Holdings Inc, a credit-card security firm that has been sued along with Target Corp over a sweeping data breach, said on Saturday it did not process cardholder data for the retailer or handle Target's data security as a lawsuit alleges.
NOVO-OGARYOVO, Russia, March 27- President Vladimir Putin said on Thursday that Russia would develop its own credit card system to reduce reliance on Western-based companies and soften the potential blow from U.S. and EU sanctions.
HONG KONG, March 27- BlackRock Inc, the world's biggest money manager, said improving economic indicators in Indonesia and consistent corporate earnings in the Philippines make those two countries prime hunting grounds for Southeast Asian stocks.
March 26- Target Corp and Trustwave Holdings Inc, which provides credit card security services, have been sued by two banks for "monumental" losses they say card issuers will face because of the retailer's holiday season data breach. Target already faces dozen of lawsuits over the breach.
The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.
LOS ANGELES, March 22- The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said. Representatives from MasterCard Inc and Visa Inc could not immediately be reached for comment.