First Data News
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Collateralized loan obligations in the U.S. might purchase about $70 billion of loans in 2012 as managers seek to buy new-issue credits, according to JPMorgan Chase & Co.
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The following table shows monthly same-store consumer spending compiled by First Data Corporation’s SpendTrend indicator.
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China’s decision to allow Citigroup Inc. to issue credit cards in its own name may signal a step toward the government in Beijing opening its banking industry.
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A World Trade Organization probe into the legality of Chinese rules on foreign companies issuing credit cards is a “major reason” Citigroup Inc. was given permission to do so, said Stuart Eizenstat, former deputy Treasury secretary under President Bill Clinton.
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China’s decision to allow Citigroup Inc. to issue credit cards may signal an opening of the banking market as the government relaxes restrictions that are the subject of a U.S. complaint at the World Trade Organization.
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The following table shows monthly same-store consumer spending compiled by First Data Corporation’s SpendTrend indicator.
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The following table shows monthly same-store consumer spending compiled by First Data Corporation’s SpendTrend indicator.
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First Data Corp. , the payments processor controlled by KKR & Co., faces “generally neutral” impact from new U.S. rules that may cut debit-card transaction fees 84 percent, according to Credit Suisse Group AG.
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The following table shows monthly same-store consumer spending compiled by First Data Corporation’s SpendTrend indicator.
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First Data Corp. bonds tumbled to the lowest since July after Chief Financial Officer Pat Shannon resigned and investors pulled money out of high-yield, high-risk funds.
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