Credit News

US arts and crafts chain store Michaels has confirmed that on Thursday around 2.6 million cards - over 7% of payments taken on Thursday - used in its stores may have been affected in a security breach.

Washington - Bank of America will pay $772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said Wednesday.

Brussels - The European Parliament on Thursday appeared set to fast-track a cap on fees paid on credit card transactions, in a vote which was welcomed by consumer advocates.A plenary session of parliament sitting in Brussels voted to impose a fee ceiling of 0.

Washington - Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy.

Washington - Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy.

Washington - The world's largest retailer Walmart has sued credit card giant Visa for more than $5 billion for conspiring with banks to fix fees that merchants pay for accepting Visa card payments.In the suit filed this week in Arkansas, where Walmart is based, th...

Credit Suisse Group AG <CSGN.VX> has agreed to pay $885 million to resolve claims by a U.S.

Dubai - Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.The government of Abu Dhabi agreed to roll over a loan of $10 b...

Credit Suisse's <CSGN.VX> headquarters in Germany was one of the offices raided by German authorities last month as part of an invest...

Madrid - Spanish banks reported on Tuesday record-high bad loans in December as lenders continued to pay for the country's real estate bust even as the financial sector prepared to exit a 41-billion-euro ($56 billion) bailout.Doubtful loans -- those at risk of ...