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Capital One to Acquire HSBC’s Domestic Credit Card Business
Capital One Financial Corporation has announced a definitive agreement under which Capital One will acquire HSBC’s domestic credit card business, including its approximately $30 billion credit card portfolio, for an 8.75 percent premium to par value...
HSBC Reaches Agreement to Sell 195 Retail Branches Primarily in Upstate New York
HSBC, through its wholly owned subsidiary HSBC Bank USA, N.A. and other wholly owned affiliates, has reached agreement to sell 195 retail branches, primarily in Upstate New York1, to First Niagara Bank, N.A. (“First Niagara”) for a consideration equal...
N.J. Woman Sentenced for Failing to Report More Than $750,000 in Swiss Bank Account
A Hillsdale, N.J., woman has been sentenced to probation after admitting she filed a false tax return and concealed more than $750,000 in a Swiss bank account. Lucille Abrahamsen Jackson pleaded guilty on Nov. 18, 2010, to an information charging her...
ATM Introduces Live, Remote Bank Tellers Directly From the ATM
ATM manufacturer and service provider, NCR Corporation has unveiled new technology that lets consumers video conference with live, remote bank tellers directly from the ATM. As financial institutions look to deliver more cost-efficient yet personalized...
Experts Must Take Into Account Real Life to Help Foster Inclusive Growth
Activists in the Middle East and North Africa say a lack of opportunities and high unemployment rates, especially among the young, contributed to the tensions that erupted into popular uprisings across the region. Economists say they must look beyond...
People Who Overuse Credit Hold Almost Magical Beliefs About Products
A University of Missouri researcher says people who overuse credit have very different beliefs about products than people who spend within their means. Following a new study, Marsha Richins, Myron Watkins Distinguished Professor of Marketing in the Trulaske...
Worldwide Olympic Sponsors Samsung & Visa, Join Forces to Enable Mobile Payments
Samsung and Visa have announced plans to bring the latest innovation in payment technology to the market as part of their sponsorships of London 2012, enabling consumers to make mobile payments using the Samsung Olympic and Paralympic Games mobile handset....
Barclays to Forfeit $298m Over International Emergency Economic Powers Act And the Trading with the Enemy Act
Barclays Bank PLC, a United Kingdom corporation headquartered in London, has agreed to forfeit $298 million to the United States and to the New York County District Attorney’s Office in connection with violations of the International Emergency Economic...
