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...The $91.6mn bond was underwritten by a subsidiary of the Chubb corporation....
...Visa and Mastercard — the country’s two biggest card payment processors — have agreed to lower the fees that merchants pay to accept credit card payments....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...Visa and Mastercard have agreed to a $30bn settlement in a long-running case brought by merchants alleging the credit card companies inflated payment processing fees....
...French lender Crédit Agricole has taken a 7 per cent stake in payments group Worldline as part of a “strategic partnership” aimed at building a joint venture in merchant payments this year....
...French lender Crédit Agricole has taken a 7 per cent stake in payments group Worldline as part of a “strategic partnership” with the aim of building a joint venture in merchant payments this year....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Foreign travellers often struggle to pay in China because merchants only accept Chinese digital payment apps....
...Discover Financial’s chief executive has resigned just weeks after the credit card company reached an agreement to be sold to rival Capital One....
...One may doubt the diplomatic wisdom of the decision of the chair of the US Federal Deposit Insurance Corporation to criticise the Swiss government’s handling of the Credit Suisse failure (Report, April 11...
...I am reading in the FT that Martin Gruenberg, chair of the US financial regulator, the Federal Deposit Insurance Corporation, has criticised the rescue of Credit Suisse (“Credit Suisse rescue deal was unhelpful...
...Credit card statements filed in that case showed he had bought plane tickets in his and Willis’s name....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...the chair of the Federal Deposit Insurance Corporation has warned....
...The company also receives a US R&D tax credit. Across the US, the effective tax rate paid by large profitable companies is far lower than the statutory rate....
...The settlement followed an early deal on the same issue with US merchants....
...Fairbank’s Capital One, a major credit card issuing bank, believes it can boost Discover’s credibility with merchants and create a cheaper experience across the payments value chain....
...“Through this combination, we’re creating a company that is exceptionally well-positioned to create significant value for consumers, small businesses, merchants and shareholders as technology continues to...
...Credit card fees, which average 2-4 per cent of the transaction amount, are most merchants’ highest operating cost after labour, says the National Retail Federation....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...China Merchant Bank, one of the leading commercial banks in China, reported its first revenue drop since 2009 due to the central bank’s cuts in loan prime rate and weak credit demand....
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
...Shopify is on the seller’s side, the merchant’s side and they make it much easier for merchants to do business....
...Some jurisdictions will be able to compensate companies paying higher tax rates by providing new subsidies and credits. But the minimum tax regime is cleverly designed....
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