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News/Legal
An internal "spat" at the European Commission (EC) is causing further delays to a ruling on interchange fees charged by card operator MasterCard and raising fears that the on-going uncertainty could hinder the launch of the single euro payments area (Sepa) in January.
16 November 2007
Card payment network Visa has disclosed that it plans to raise up to $10 billion through its forthcoming stock market flotation, which is expected to take place early next year.
12 November 2007
A Citi analyst has downgraded E*Trade to 'sell' and warned of a potential bankruptcy risk after the online broker reported news of further mortgage-related losses, the withdrawal of earnings guidance and an SEC investigation into its capital markets business.
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