American Express Co. rose $2.34 or 2.9 percent, to $82.58. Capital One Financial Corp. fell $2.10 or 2.7 percent, to $76.43. Discover Financial Services rose$. 63 or 1.0 percent, to $62.45.» Read More
July 31- MasterCard Inc, the world's second-largest debit and credit card company, posted a 10 percent rise in quarterly profit, as more customers used cards to make purchases. The company's net income rose to $931 million, or 80 cents per share, in the second quarter ended June 30, from $848 million, or 70 cents per share, a year earlier.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.
July 29- American Express Co reported a bigger-than-expected 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy.
NEW YORK, July 29- Ally Financial Inc reported a bigger-than-expected quarterly profit on Tuesday as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co said it had earned $323 million, or 54 cents per share, in the second quarter.
NEW YORK, July 24- Trying to take your financial temperature? It's not just a matter of how much money you have in the bank. Contrary to big financial numbers that make most people stick their heads in the sand, many obsess about their credit scores, says Greg McBride, chief financial analyst for Bankrate.com.
WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.
July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
July 18- General Electric Co's credit card unit, Synchrony Financial, said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest U.S. The offering of 125 million shares is expected to be priced at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
July 17- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported an 8 percent rise in quarterly profit as card loans grew and credit quality remained stable.
The Democrat-controlled Senate is not expected to approve the bill as it is now. Earlier this week, the White House said that President Barack Obama "strongly opposes House passage" of the appropriations bill and would veto it if the legislation reached his desk.
WASHINGTON, July 16- The U.S. consumer finance watchdog on Wednesday proposed publishing on its website individuals' stories about bad experiences with credit cards, student loans and other financial services, prompting quick pushback from banks.
WASHINGTON, July 10- The U.S. consumer watchdog on Thursday said payday lender ACE Cash Express must pay $10 million to settle accusations that it had used unfair debt collection practices, such as threatening to sue borrowers, to pressure them into taking out new loans.
BEIJING- Sixth round of the U.S.- China Strategic and Economic Dialog will be held in Beijing, China. Treasury Secretary Jacob Lew and Secretary of State John Kerry will join their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, for the Dialog.
WASHINGTON, July 8- U.S. consumer credit rose in May, a sign that easy monetary policy was providing substantial support for the economy. Total consumer credit increased by $19.6 billion to $3.19 trillion, the Federal Reserve said on Tuesday. Analysts polled by Reuters expected an increase of $20 billion in the month.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
NEW YORK, July 3- American Express Co is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees.
BRUSSELS, July 3- Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal.