SAN FRANCISCO – Cards giant Visa reported a 41% surge in second quarter earnings yesterday, as more money changed hands using its credit and debit cards – particularly outside the United States.
Net income for the quarter was $422 million, or 51 cents a share, up from $299 million for the same quarter last year.
Revenue rose to $1.61 billion, from $1.37 billion a year ago, fueled by a 19% jump in payments volume.
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
First Financial Bancorp in Cincinnati named Chief Financial Officer Jamie Anderson as president. The move positions Anderson as heir apparent to CEO Archie Brown, according to one analyst.
A federal judge said recent preemption rules from the National Credit Union Administration would bar Illinois from enforcing its interchange fee restrictions against federal credit unions.
Nearly half of respondents reported plans to claim benefits early, with many citing fears about the health of the Social Security program.
The former top executive at Nodus International Bank in Puerto Rico was sentenced to more than nine years in federal prison after he pleaded guilty to Venezuela sanctions evasion and wire-fraud conspiracy.
The latest Fidelity Investments M&A report displayed a trend that dealmakers had already been noticing: RIA buyers are getting more selective. But experts say sellers can still stand out with the right attributes, and they must find the right fit in the process.
