American Express says Vente-Privee USA to close by year-end
American Express Co, the world's largest credit card issuer, said it would close its joint venture with French online start-up Vente-Privee by the end of the year.
Finance/Venture
US Credit Card Debt Is Rising, With Borrowers Owing an Average of Over $6,000
The average consumer has $6,218 in credit card debt, and the number of borrowers who are unable to make their payments is on the rise.
IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes
The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China...
US Seniors: What You Need to Know About Retirement Abroad
With a growing number of people in the US choosing to retire elsewhere, those doing so are advised to research thoroughly on where to retire and enjoy their Social Security payments as much as possibl..
JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending
JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil...
Visa to Change Credit, Debit Card Operations in US
Visa has implemented sweeping changes on how its credit and debit card...
Dollar Slides to Multi-Month Lows as Slower US Inflation Increases Rate Cut Expectations
The US dollar tumbled to multi-month lows on Thursday following a slow...
Latest News
Samsung heir apparent moves to tighten grip on group firms
Samsung Group heir apparent Jay Y. Lee is moving to acquire small stakes in two of the group's financial firms, which analysts say will help the scion solidify control of South Korea's largest conglom
South Korea fund to abstain from Samsung merger vote, wants share buybacks
South Korea's National Pension Service does not support the merger of two Samsung Group units and plans to ask them to buy back its holdings in the pair, an NPS spokeswoman said on Saturday.
BNY Mellon China JV gets regulator approval for exit of U.S. partner
A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securiti
Norwest Venture Partners Expands Presence With New Investment Team Hire and Office in San Francisco
Norwest Venture Partners (NVP), a global, multi-stage venture and growth equity investment firm, today announced that Sean Jacobsohn has joined the firm as Principal. A venture investor and former Saa
Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong
British insurer Standard Life (SL.L) and Industrial and Commercial Bank of China (ICBC) (601398.SS) said on Wednesday they had agreed to look at developing savings and investment services together.
Investors seek more time to prepare for Hong Kong-Shanghai stock tie-up
Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of
DH Capital Advises Clear Measures on Sale to Data Intensity
DH Capital, an investment banking firm serving companies in the Internet infrastructure, communications and SaaS sectors, is pleased to announce that it served as exclusive financial advisor to Clear
Banks to get instruction manual for submitting Libor quotes
Banks who submit quotes for compiling Libor interest rates will have to follow a manual of instructions to avoid a repeat of the rigging seen in the past, the benchmark's new administrator said on Mon
Virgin Money postpones London stock market listing
UK lender Virgin Money has postponed its London stock market listing, the company said on Friday, delaying plans to raise around 150 million pounds ($241.5 million) in a float that could have valued t
