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  • Rock-bottom rates convert German savers to spending Sunday, 23 Feb 2014 | 6:00 AM ET

    BERLIN, Feb 23- After diligently setting aside his earnings for years, Sebastian decided last year it was time to splurge. With interest rates at record lows, the 36- year-old took out two loans and bought a three-bedroom flat in a leafy Berlin suburb for 228,000 euros.

  • NEW YORK, Feb 21- Citigroup Inc has been approached by Fortress Investment Group LLC and some other private equity firms about a potential deal for its consumer finance business, OneMain Financial, according to two people familiar with the situation.

  • BRUSSELS, Feb 14- The European Union's antitrust regulator will accept Visa Europe's offer to cap its credit card fees for retailers, two people familiar with the matter said, as the EU strives to cut the cost of paying with plastic and boost online commerce.

  • AIG cuts workforce by 3% after earnings beat Thursday, 13 Feb 2014 | 4:01 PM ET
    A man walks into the American International Group Inc. offices in New York, U.S., on Tuesday, Oct. 29, 2013.

    American International Group posted earnings excluding items of $1.15 per share on revenue of $8.62 billion, beating Wall Street estimates.

  • PARIS, Feb 13- PSA Peugeot Citroen and Banco Santander are close to agreement on a European car loans alliance that the French carmaker plans to unveil alongside a recapitalisation deal with Chinese partner Dongfeng, sources said on Thursday.

  • WASHINGTON, Feb 7- U.S. consumer credit in December grew by the most in nearly a year due to a sharp increase in credit card usage, a potentially positive sign for the economy. Total consumer credit rose by $18.8 billion to $3.1 trillion, the Federal Reserve said on Friday.

  • SAO PAULO, Feb 4- Rising borrowing costs, declining defaults and an unexpected jump in loan disbursements drove record profit for Itaú Unibanco Holding SA in the fourth quarter, even after expenses at Brazil's largest private-sector bank exceeded expectations. A Thomson Reuters poll of seven analysts predicted profit of 4.144 billion reais.

  • Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as easier availability of loans amid an improving economy encouraged more people to buy cars.

  • SAO PAULO, Feb 4- Rising borrowing costs, declining defaults and an unexpected jump in loan disbursements drove record profit for Itaú Unibanco Holding SA in the fourth quarter, even after expenses at Brazil's largest private-sector bank exceeded expectations.

  • Feb 3- A credit card data breach has been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.

  • Feb 3- A credit card data breach had been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.

  • WASHINGTON, Feb 3- The Secret Service on Monday urged U.S. lawmakers to do more to prevent the types of cyber thefts of consumer information that recently have hit Target Corp and other major retailers.

  • LOS ANGELES, Feb 3- Student loan borrowers who feel trapped by high-rate private loans finally have more options to refinance their debt, but not everyone will be able to find relief.

  • Jan 31- General Electric Co has hired Goldman Sachs Group Inc and JPMorgan Chase& Co to lead the initial public offering of its North American retail finance business, the Financial Times reported on Friday, citing anonymous sources. The new company should be worth roughly $16 billion to $18 billion, bankers have estimated.

  • WASHINGTON, Jan 29- The U.S. consumer financial watchdog said on Wednesday it was seeking fines against PHH Corp and repayment to consumers over allegations that the mortgage lender steered borrowers to insurers from which it took kickbacks.

  • *Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the auto-finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut as investors expect the company to benefit from rising auto sales. As of Sept. 30, about $850 billion of auto loans were outstanding in the United States.

  • The survey findings come at a time when retailers from Target Corp to Neiman Marcus are yet to fully understand how hackers managed to steal payment card data of million of shoppers last year.

  • MADRID, Jan 27- Spain's Santander bank, which is making a big push in the United States, has appointed the former head of the U.S. deposit guarantee fund, Sheila Bair, as an independent board member, it said on Monday.

  • Career Education gets inquiry from attorneys general Monday, 27 Jan 2014 | 10:03 AM ET

    Jan 27- For-profit education company Career Education Corp said it received inquiries from 12 state attorneys general related to its enrollment practices and student loans. The U.S. Consumer Financial Protection Bureau said earlier this month that it was considering legal action against Corinthian Colleges Inc over issues related to student loans.

  • MADRID, Jan 27- Spain's Santander bank, which is making a big push in the United States, has appointed the former head of the U.S. deposit guarantee fund, Sheila Blair, as an independent board member, it said on Monday.

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