S&P parent McGraw-Hill says government’s fraud case flawed
(Reuters) - The parent of credit ratings agency Standard & Poor's Corp, which was hit with a $5 billion fraud lawsuit by the U.S. government last week, fired back on...
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Moody’s shares slide on lawsuit worries
(Reuters) - Shares in credit rating agency Moody's Corp slid 6 percent on Friday as the prospect of a federal fraud lawsuit over its pre-crisis debt ratings overshadowed a 66...
American Express to cut 5,400 jobs, take charges in fourth quarter
(Reuters) - Credit card company American Express Co said it would cut about 5,400 jobs, or 8.5 percent of its workforce, as it restructures its business and pay legal bills....
U.S. Treasury exits AIG as markets await rebound
(Reuters) - The U.S. Treasury's sale of its remaining stake in American International Group Inc will leave taxpayers with a profit of nearly $23 billion - more than the next...
U.S. Treasury exits AIG as markets await rebound
(Reuters) - The U.S. Treasury's sale of its remaining stake in American International Group Inc will leave taxpayers with a profit of nearly $23 billion - more than the next...
Analysis: NetSpend’s value questioned as new card players muscle in
(Reuters) - Green Dot Corp's dim outlook is casting a shadow on NetSpend Holdings Inc as rising competition turns the two companies' high-margin prepaid cards into just another piece of...
Visa adjusted profit beats as card payments grow
(Reuters) - Visa Inc's adjusted profit topped Wall Street estimates, and it raised its full-year earnings forecast for the second time this year, as more people move to card-based payments...
Nomura CEO Watanabe to resign over trading leaks: Nikkei
(Reuters) - Nomura Holdings Inc CEO Kenichi Watanabe will resign to take responsibility for leaks of insider information to the clients of its brokerage unit, the Nikkei newspaper reported. A...
Nomura CEO Watanabe to resign over trading leaks: Nikkei
(Reuters) - Nomura Holdings Inc CEO Kenichi Watanabe will resign to take responsibility for leaks of insider information to the clients of its brokerage unit, the Nikkei newspaper reported. A...
Visa adjusted profit beats as card payments grow
(Reuters) - Visa Inc's adjusted profit topped Wall Street estimates, and it raised its full-year earnings forecast for the second time this year, as more people move to card-based payments...