credit

Credit Suisse Charged With Corruption, Fined USD 77 Million

Credit Suisse Charged With Corruption, Fined USD 77 Million

Credit Suisse (NYSE: CS) has agreed to pay the Justice Department and the Securities and Exchange Commission (SEC) USD 77 Million in order to settle charges of hiring relatives of influential Chinese officials in order to acquire business in the cou..

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi has set initial tentative terms for the world’s biggest initial public offering with potential to raise up to $6.1 billion in Hong Kong. The Chinese smartphone maker plan to offer 2.18 billion shares at HK$17 to HK$22 each, with talks w..

Wild Swings Mean Markets Have Chances of Rebound

Wild Swings Mean Markets Have Chances of Rebound

A cursory glance may give a false impression that the markets have not moved much from February. A similar conclusion can also be had from the US dollar index. It is in almost the same spot as it was in February.Appearances, however, are deceptive. ..

Citibank to Refund $335 Million to Cardholders

Citibank to Refund $335 Million to Cardholders

Citigroup Inc (NYSE: C) announced on February 23 of its intention to issue refunds to its cardholders. About 1.75 million subscribe to the bank's financial instrument. The total refund will be to the tune of $335 million. The average amount per ..

Holiday Debt Adds to the Sky-Rocketing Balances of Credit Cards

Holiday Debt Adds to the Sky-Rocketing Balances of Credit Cards

Retailers have reported strong sales during the holiday season and several customers admit that they have used their credit cards for funding purchases. Now it seems like 2018 might witness credit card mortgage crossing $1 trillion.According to Jill..

Forever 21 data breach left customer credit card information exposed for months

Forever 21 data breach left customer credit card information exposed for months

Forever 21 has confirmed in a press release that various POS terminals were exposed to hackers for months, leaving customer payment card information unprotected from April 3, to November 18, 2017. Hackers were able to acquire card numbers, expiratio..

Signet Jewelers Shares Drop

Signet Jewelers Shares Drop

On Tuesday, Signet Jewelers Ltd. (NYSE: SIG) announced shares lost almost a third of their value after reporting a third quarter loss with a drop in store sales while also expecting to earn less profit for the full year than previously anticipated.F..