MasterCard Inc. (MA), the world’s second- largest payments network, named Ann Cairns president of international markets and Walt Macnee vice chairman. Cairns will start on August 22 from Alvarez & Marsal Inc., a consulting company, and report to Chief Executive Officer Ajay Banga, Purchase, New York-based MasterCard said today in a statement. She will manage [...]
Citigroup Inc. said Thursday that hackers accessed the credit card information of tens of thousands of its North American customers. The bank said it recently discovered during routine monitoring that account information for about one per cent of customers was viewed. Citigroup says that hackers have gained access to credit card information of some of [...]
Behind closed doors, Ben S. Bernanke, the Federal Reserve chairman, called it “the worst financial crisis in global history, including the Great Depression.” He said that 12 of the country’s 13 most important financial institutions, including Goldman Sachs, had been on the verge of collapse “within a week or two.” (The apparent exception: JPMorgan Chase.) [...]
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Toyota and BP have joined a cast of familiar airlines, banks and telecommunications providers as the most hated companies in the United States, according to a poll released Thursday. The list of 15 “most hated American companies in 2010,” compiled by the site 24/7WallSt is dominated by technology companies, which rank poorly in the index [...]
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Toronto-Dominion Bank agreed to buy Chrysler Financial Corp. from Cerberus Capital Management LP for $6.3 billion to add an auto-finance company in its second- largest acquisition. The transaction will be in cash, Canada’s second-biggest bank said today in a statement. Toronto-Dominion doesn’t intend to issue stock for the purchase. Canadian lenders, ranked the soundest on [...]
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