Beth Robertson News
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Units of JPMorgan Chase & Co., Goldman Sachs Group Inc. and Barclays Plc are among banks that registered as swap dealers under the Dodd-Frank Act that requires higher capital, collateral and trading standards.
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The allure of the fast-growing U.S. market for prepaid debit cards is pitting niche players like pop star Justin Bieber against financial giants including JPMorgan Chase & Co. and American Express Co.
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Consumers pay about 21 percent more in fees for basic checking accounts than they did six years ago, according to a study released today.
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Prepaid card use rose by about 18 percent in 2011 as consumers dropped traditional banking products such as checking accounts with higher fees, according to a study released today.
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Discover Financial Services, the second-best performer among 81 U.S. financial firms this year, climbed 3.9 percent to a record high and EBay Inc. shares also advanced after announcing a payment-processing deal.
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EBay Inc.’s PayPal unit, an online payments processor with more than 50 million U.S. customers, will expand acceptance of its service to brick-and-mortar stores nationwide in an agreement with Discover Financial Services.
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The four biggest U.S. banks are encouraging their most creditworthy customers to take on more debt, mailing credit-card balance-transfer offers with rates as low as zero percent even as they add fees for other services.
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Lucie Shell, an 84-year-old retired secretary in Crewe, Virginia, uses the rewards she earns by swiping her debit card for gift certificates for family.
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American Express Co. , the world’s biggest credit-card issuer by purchases, introduced a payment system for smartphones and computers that competes with Visa Inc. , MasterCard Inc. and PayPal Inc.
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