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American Express is downplaying concerns over the impact of a proposed settlement in a longstanding retailers' lawsuit against Visa and MasterCard.
July 19 -
KeyCorp, which is still seeing expenses eat up more than two-thirds of its revenues, will cut costs and close branches in an effort to lower its efficiency ratio.
July 19 -
A proposal by San Bernardino County to use eminent domain to take control of underwater mortgages would hurt government-sponsored entities Fannie Mae, Freddie Mac and the Federal Home Loan Banks. It would also hurt plans to reduce the government's role in housing.
July 19 -
Magna Bank in Memphis, Tenn. has switched to a state charter, dumping the Office of the Comptroller of the Currency in favor of a state regulator that management believes is more familiar with its local market.
July 19 -
The several thousand visitors enjoying Hersheypark this summer can pay for everything they do at the amusement and water park with a flick of the wrist.
July 19 -
Though not a party in the merchants’ dispute over the interchange polices of Visa Inc. and MasterCard Worldwide, American Express Co. plans to watch how merchants react to being able to surcharge under a proposed settlement reached last week.
July 19 -
"The Daily Show" host took several sharp stabs at the growing Libor scandal on Wednesday night, equating the bankers that manipulated the interbank lending rate with the villains of a "Da Vinci Code"-type thriller.
July 19 -
Its second-quarter earnings were noisy, but the McLean, Va., company appears poised for a comeback in the second half of 2012.
July 19 -
From the Card Act to the CFPB to Durbin, new regulations succeed only in raising the prices or crimping availability of financial services. Memo to politicians: Google "unintended consequences."
July 19
