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  • Consumer credit soars on auto, student loans Wednesday, 7 May 2014 | 3:55 PM ET
    Alain Filiz

    Consumer credit rose by the largest amount since February 2013, boosted by growing demand for student and auto loans.

  • U.S. consumer credit posts largest gain in a year Wednesday, 7 May 2014 | 3:00 PM ET

    WASHINGTON, May 7- U.S. consumer credit recorded its largest increase in a year in March, boosted by growing demand for student loans and household borrowing to buy automobiles. Total consumer credit increased by $17.53 billion to $3.14 trillion, the Federal Reserve said on Wednesday.

  • May 6- JPMorgan Chase& Co is closing the accounts of current and former foreign government officials in an attempt to avoid the compliance costs associated with them, the Financial Times reported on Tuesday.

  • May 1- MasterCard Inc, the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more people used cards to shop. MasterCard's worldwide purchase volume increased 10 percent on a local currency basis to $759 billion.

  • MasterCard quarterly profit rises 14 pct Thursday, 1 May 2014 | 7:40 AM ET

    May 1- MasterCard Inc, the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more customers used cards to shop. The company's net income rose to $870 million, or 73 cents per share, for the first quarter ended March 31, from $766 million, or 62 cents per share, a year earlier.

  • NEW YORK, April 25- General Electric Co expects annual profit from energy investments to double to nearly $800 million by 2020, highlighting the conglomerate's desire to remain a financing powerhouse for industry even as it slims its credit card portfolio.

  • GE's energy financing profits could double by 2020 Friday, 25 Apr 2014 | 11:04 AM ET

    NEW YORK, April 25- General Electric Co expects annual profit from energy investments to double to nearly $800 million by 2020, highlighting the conglomerate's desire to remain a financing powerhouse for industry even as it slims its credit card portfolio.

  • U..S consumer bureau to test electronic mortgage closings Wednesday, 23 Apr 2014 | 4:22 PM ET

    WASHINGTON, April 23- Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday.

  • *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.

  • Discover Financial profit falls 6 percent Tuesday, 22 Apr 2014 | 4:14 PM ET

    April 22- Credit card issuer Discover Financial Services reported a 6 percent fall in quarterly profit, hurt by higher provision for loan losses. Net income allocated to common stockholders fell to $618 million, or $1.31 per share, in the first quarter ended March 31, from $659 million, or $1.33 per share, a year earlier.

  • WASHINGTON, April 22- The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into default if relatives who co-signed their loans die or declare bankruptcy.

  • *First-quarter net profit $1.96/ share vs est $1.69. April 16- Capital One Financial Corp's quarterly profit rose about 10 percent, beating estimates, as the credit card issuer set aside less money to cover soured loans.

  • Capital One profit rises 10 pct due to lower provision Wednesday, 16 Apr 2014 | 4:25 PM ET

    April 16- Capital One Financial Corp's quarterly profit rose about 10 percent as the credit card issuer set aside less money to cover soured loans. The company's net income available to common stockholders rose to $1.14 billion, or $1.96 per share, for the first-quarter ended March 31, from $1.04 billion, or $1.77 per share, a year earlier.

  • April 10- Shares of auto-lender Ally Financial Inc fell as much as 4.1 percent in their market debut on Thursday, taking the shine off the biggest U.S. initial public offering so far this year as investor appetite for big stock offerings shows signs of waning.

  • *American Express, Citigroup, Discover prevail. NEW YORK, April 10- Consumers suffered a setback on Thursday as three big credit card issuers won the dismissal of U.S. lawsuits accusing them of colluding to require that disputes be settled in arbitration rather than class action lawsuits.

  • UPDATE 2-Big credit card issuers defeat collusion lawsuit Thursday, 10 Apr 2014 | 11:44 AM ET

    *American Express, Citigroup, Discover prevail. NEW YORK, April 10- Consumers suffered a setback on Thursday as three big credit card issuers won the dismissal of U.S. lawsuits accusing them of colluding to require that disputes be settled in arbitration rather than class action lawsuits.

  • 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.

  • 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.