The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with …
Visa (V) and MasterCard (MA) are close to settling an antitrust case with the Justice Department over credit-card acceptance rules, The Wall Street Journal reported.
The settlement could allow merchants to steer customers towards cheaper forms of pay…
At an anticipated $16 billion, General Motors’ pending initial public offering was expected to be the second largest in history. Now, the No. 1 U.S. automaker is revising IPO expectations downward, anticipating it will bring in…
Discover Financial Services posted a fiscal third-quarter profit that fell less than analysts had expected. Sales from its eponymous credit card grew 5% from a year earlier as falling interest rates spurred more usage and as mo…