American Express Co. rose$. 34 or. 4 percent, to $93.86. Capital One Financial Corp. fell$. 02 or percent, to $75.01. Discover Financial Services rose$. 51 or. 9 percent, to $59.28.» Read More
*Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the consumer finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut. The shares opened at $25.75 on the New York Stock Exchange and touched a high of $26.45, valuing the company at $9.19 billion.
The National Retail Federation is calling on the banking industry to switch from the easy-to-hack magnetic stripe to the more secure PIN and chip.
Stolen data from more than 100 million South Korean accounts has ignited a storm of anger and litigation.
NEW YORK, Jan 19- A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer.
*Attacks follow data thefts from Target, Neiman Marcus. BOSTON, Jan 17- A cybercrime firm says it has uncovered at least six ongoing attacks at U.S. merchants whose credit card processing systems are infected with the same type of malicious software used to steal data from Target Corp.
BOSTON, Jan 17- The cyber security firm IntelCrawler said on Friday it has uncovered at least six ongoing attacks at merchants across the United States whose credit card processing systems are infected with the same type of malicious software used to steal data from some 40 million credit cards at Target Inc..
*Fourth-quarter earnings $1.45/ share vs est. Jan 16- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported lower-than-expected quarterly results as net interest income fell in both its credit card and consumer banking businesses.
*Q4 earnings per share $1.45 vs estimates of $1.55. Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported quarterly results that missed estimates as net interest income fell in both its credit card and consumer banking business.
Jan 16- Credit card company American Express Co's quarterly profit more than doubled as customers spent more in the holiday season in the United States, its core market. American Express said worldwide spending on its cards rose 8 percent in the quarter ended Dec. 31, the biggest jump in four quarters.
Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a 2 percent rise in quarterly profit as it set aside less provisions to cover credit losses. Net income rose to $859 million, or $1.45 per share, for the fourth quarter ended December 31, from $843 million, or $1.41 per share, a year earlier.
Jan 16- Credit card company American Express Co's quarterly profit more than doubled as it gained from higher consumer spending during the U.S. holiday season. The company's net income rose to $1.31 billion, or $1.21 per share, for the fourth quarter ended Dec. 31, from $637 million, or 56 cents per share, a year earlier.
WASHINGTON, Jan 16- The U.S. Treasury Department on Thursday announced plans to sell 410,000 shares in auto lender Ally Financial as part of its effort to unwind its financial bailout fund.
Jan 16- Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, a spokeswoman for the bank said. "This is being done as a precautionary measure," Citi spokeswoman Elizabeth Fogarty told Reuters in an email reply late Wednesday. Citi is not reissuing credit cards, the New York Times said.
Jan 15- As more cyber thieves steal personal and financial information, can you insulate yourself from the risk of having your money and identity stolen by giving up credit and debit cards? Many consumers are rethinking their use of plastic after a massive cyber attack on retailers such as Target Corp and Neiman Marcus.
In the wake of a large data breach at retailer Target Corp, you're going to be hearing more and more about embedded chip technology used overseas, along with personal identification numbers for credit cards. That's what happened to Lance Longwell, 37, of Ambler, Pennsylvania, when he tried to pay for a meal in Ireland in October.
NEW YORK, Jan 13- As a credit card expert, Curtis Arnold expended a lot of personal capital promoting Target Corp's Red Card, the retailer's store-branded debit card, because of its generous rewards.
NEW YORK, Jan 13- A California federal judge has spurned a constitutional challenge to the U.S. Consumer Financial Protection Bureau, saying the new agency set up to aid financial consumers does not interfere with the president's executive power as alleged.
WASHINGTON, Jan 13- Democratic members of the Financial Services Committee of the U.S. House of Representatives are calling for the panel to investigate the hacking of credit card data belonging to millions of customers of Target Corp stores.
NEW YORK, Jan 9- JPMorgan Chase& Co plans to sell or exit over time its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits, the company said on Thursday. Last month JPMorgan warned some 465,000 holders of the cards that their personal data may have been accessed by computer hackers who attacked its network in July.
Jan 9- Santander Consumer USA Holdings Inc, the U.S. consumer-finance arm of Spanish lender Banco Santander SA, is seeking a valuation of up to $8.4 billion in an initial public offering. The company, which focuses on auto loans, said it expects the IPO to raise up to $1.56 billion, based on the sale of 65.2 million shares priced at between $22 and $24 per share.