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Visa's first-quarter profit that exceeded market's expectation for the ninth quarter in a row. "I'm most impressed by the upside to revenue," one analyst said.
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Feb 6- Chrysler Group LLC agreed to make Banco Santander's U.S. arm its preferred lender for auto loans on Wednesday, a deal aimed at broadening the financing it can offer its buyers and dealers.
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Feb 6- Chrysler Group LLC on Wednesday announced a 10- year agreement for a unit of Spain's Banco Santander to offer a "full spectrum" of auto financing services to Chrysler and Fiat customers and dealers under the name of Chrysler Capital. Chrysler Capital is to launch on May 1.
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Feb 5- Here is a look at some of the scandals that have engulfed banks in Britain, as Barclays said it had set aside a further 1 billion pounds, including a 600 million to compensate customers for mis-selling them payment protection insurance.
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The 18 people were located in New York, New Jersey, Pennsylvania and Connecticut. "The arrests today are the result of an investigation into a sophisticated, organized group that operated internationally and in the United States," said an FBI spokeswoman in New Jersey.
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SAN FRANCISCO, Feb 4- Apple Inc and other online retailers did not break California law by requiring consumers to provide their address and phone numbers as a condition of accepting credit card payments, the state's high court ruled on Monday.
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SAN FRANCISCO, Feb 4- Apple Inc and other online retailers did not break California law by requiring consumers to provide their address and phone numbers as a condition of accepting credit card payments, the state's high court ruled on Monday.
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Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
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Feb 4- Guaranteed Rate, Inc, a home loan company, opened shop in 2000 in Chicago with a single office. Most of that growth has come in the last two years and Chief Executive Victor Ciardelli said in an interview he is not planning to slow down.
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WASHINGTON, Feb 1- U.S. Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.
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WASHINGTON, Feb 1- U.S. Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.
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WASHINGTON, Jan 31- U.S. lawmakers on Thursday asked bank regulators to turn over documents related to the $8.5 billion settlement that ended a government-mandated review of crisis-era foreclosures, saying transparency was needed to boost confidence in the settlement.
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WASHINGTON, Jan 31- Several Republican lawmakers on Thursday introduced legislation to stop a labor board and consumer watchdog from enforcing regulations, after an appeals court questioned the legitimacy of recent White House appointments at both agencies.
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The fees are illegal in California, New York, Texas and seven other states. In 2005, a group of merchants claimed that MasterCard, Visa, and nine other companies including JP Morgan Chase& Co conspired to fix the fees that stores pay to accept credit card purchases.
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The court found that the Senate was not truly in recess, for the purpose of a recess appointment, when Obama in January 2012 installed three nominees to the National Labor Relations Board. Republicans argued that Obama undercut the Senate's power to confirm nominees because although most of its members were out of town, the Senate had not formally adjourned.
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*In recent private practice, White represented Wall Street. WASHINGTON, Jan 24- The White House on Thursday nominated former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, selecting a hard-nosed enforcer who also has experience defending Wall Street figures.
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*In recent private practice, represented Wall Street. WASHINGTON, Jan 24- President Barack Obama on Thursday nominated former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, picking a tough enforcement hand who more recently has defended Wall Street figures.
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WASHINGTON, Jan 24- President Barack Obama will nominate former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, a White House source said, restoring the agency's power to work on its overhaul of Wall Street.
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WASHINGTON, Jan 18- U.S. mortgage lenders making higher-priced loans to consumers must have properties appraised and provide borrowers a free copy of the report, under new rules released by six financial regulatory agencies on Friday.
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*Rules take effect in January 2014. WASHINGTON, Jan 17- The U.S. Consumer Financial Protection Bureau announced new rules for mortgage servicers on Thursday to help prevent the sloppy practices that aggravated the U.S. foreclosure crisis.
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