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Mobile wallets coming soon to U.S.? Keep waiting
Mar 28, 2011 17:33 EDT
ORLANDO, Florida (Reuters) - U.S. shoppers awaiting the day they can wave their cellphones at the check-out counter to buy everything from books to shoes should hang onto their wallets a while longer.
Debit card fee cap could mean higher banking costs
Dec 17, 2010 19:03 EST
Banks may kill debit card rewards, charge for checking to recoup costs of debit card fee cap. A proposed cap on the fees that banks charge for debit card transactions would substantially reduce the cost for businesses. But it's started a death watch for debit card rewards and renewed predictions that free checking is done for.
Debit card fee cap could mean higher banking costs
Dec 17, 2010 18:58 EST
Banks may kill debit card rewards, charge for checking to recoup costs of debit card fee cap. A proposed cap on the fees that banks charge for debit card transactions would substantially reduce the cost for businesses. But it's started a death watch for debit card rewards and renewed predictions that free checking is done for.
Banks smarten up branches to woo customers
Dec 16, 2010 18:08 EST
Through branches, banks looking to rekindle their romance with customers. The personal touch is making a comeback.
Citi closing branches early Saturday for training
Sep 23, 2010 11:30 EDT
Citi closing branches early Saturday to improve customer service training. Citi is closing its bank branches a few hours early Saturday to train workers in providing friendlier customer service.
Chase's online bank service still facing problems
Sep 15, 2010 18:04 EDT
Online problems at Chase, the No. 2 US bank, continue for a 2nd day, frustrating customers. Chase's online banking service was still having problems for much of Wednesday, extending an outage that has lasted for two days and affected millions of customers.
AIG sale of Taiwan unit on brink of collapse
Aug 31, 2010 09:51 EDT
TAIPEI (Reuters) - Bailed-out insurer American International Group faced the prospect of finding another buyer for its Taiwan unit after regulators threw out its proposed $2.2 billion sale to a Chinese company.
Germany may try for compensation from Goldman
Apr 19, 2010 12:51 EDT
Germany may try for compensation from Goldman Sachs; Britain weighs investigation. Goldman Sachs may face claims for financial compensation from European governments and investors in connection with the fraud case brought against the investment bank by the Securities and Exchange Commission.
Bank of America to stop debit card overdrafts
Mar 10, 2010 11:35 EST
Bank of America to stop allowing overdrafts with debit cards ahead of new rules on fees. Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
Check this out: Deposit money by taking a photo
Feb 23, 2010 15:35 EST
Cell phone photo apps let you bank money without waiting in line or filling out deposit slips. In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone.
Card company results show waning credit card use
Feb 04, 2010 18:26 EST
Rise of debit cards, waning credit card use highlights fourth quarter from MasterCard, Visa. Shoppers still reach for plastic at the checkout, but the card they grab most often these days is a debit card, not a credit card.
Visa 1Q profit rises 33 percent, beats estimates
Feb 03, 2010 18:20 EST
Visa fiscal 1st-quarter profit rises 33 percent on improved revenue, beats Street estimates. Visa Inc. on Wednesday said its profit rose 33 percent in the fiscal first-quarter on increased revenue, even as consumers pull back sharply on spending amid the recession.
Markets tank as Obama moves to rein in banks
Jan 22, 2010 09:54 EST
Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses.
Markets tank as Obama moves to rein in banks
Jan 22, 2010 06:44 EST
Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses.
Obama moves to rein in banks in Wall Street assault
Jan 22, 2010 02:54 EST
President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a new offensive against Wall Street excesses laid bare by the financial crisis.
Obama moves to rein in banks in Wall Street assault
Jan 22, 2010 00:44 EST
President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a new offensive against Wall Street excesses laid bare by the financial crisis.
Obama moves to rein in banks in Wall Street assault
Jan 21, 2010 21:46 EST
President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a new offensive against Wall Street excesses laid bare by the financial crisis.
American Express, Capital One earnings beat forecasts
Jan 21, 2010 21:05 EST
NEW YORK/CHARLOTTE, North Carolina (Reuters) - American Express Co <AXP.N> and Capital One Financial Corp <COF.N> both reported better than forecast fourth quarter earnings, but expressed concern about the growth outlook for credit cards.
Capital One posts profit on higher fees, interest
Jan 21, 2010 18:18 EST
Credit card issuer Capital One posts profit on higher fees, interest income; Delinquencies dip. Capital One earned $375.6 million in the fourth quarter as income from fees and interest rose while loan-loss provisions fell.
Wells Fargo sees signs of life in consumer lending
Jan 20, 2010 17:28 EST
Wells Fargo's surprise profit boosts optimism that lending could rebound in 2010. Wells Fargo says the economy is getting better ? it sees signs of recovery in its loan business.
