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Lawyer misbehavior caused a judge to torpedo American Express' interchange-fee settlement with retailers, a decision that imperils a similar settlement with Visa and MasterCard.
August 4 -
Disclosure of confidential client information by the lead counsel for a group of merchants "fatally tainted" a 2013 settlement with American Express, a federal judge ruled Tuesday, auguring poorly for a similar settlement with Visa and MasterCard.
August 4 -
Disclosure of confidential client information by the lead counsel for a group of merchants "fatally tainted" a 2012 settlement with American Express, a federal judge ruled, auguring poorly for a similar settlement with Visa and MasterCard.
August 4 -
The first stress tests for regional banks show loan losses closely in line with the postcrisis period. However, an independent analysis suggests losses likely would be even higher.
August 4
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JPMorgan Chase is the bank most integral to the stability of the global financial system, followed by HSBC and Citigroup, according to a U.S. study.
August 4 -
First Bancorp, OFG Bancorp and Popular Inc. have been trimming exposure to central government loans in recent years to limit their exposure to a financial crisis. Most still bank the island's municipalities, though they have strict underwriting and collateral to protect their interests.
August 4 -
A U.S. judge rejected American Express Co.'s settlement with merchants over credit card fees after finding the plaintiffs' lawyer tainted the deal by exchanging confidential information with an attorney for MasterCard Inc.
August 4 -
To eliminate its fraud-prone MoneyPak reload cards, Green Dot introduced a swipe-to-reload system last year that seemed more streamlined but added a new requirement the customer had to have the card present to top it up with cash.
August 4 -
F.N.B. Corp. in Pittsburgh has agreed to buy Metro Bancorp in Harrisburg, Pa.
August 4 -
A U.S. judge rejected American Express Co.'s settlement with merchants over credit card fees after finding the plaintiffs' lawyer tainted the deal by exchanging confidential information with an attorney for MasterCard Inc.
August 4
