Joanna Lambert News
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American Express Bank Ltd. isn’t liable for Hezbollah rockets attacks on Israel in 2006 because of financial transactions, an appeals court ruled, affirming a lower court’s dismissal of a suit brought by families of U.S., Israeli and Canadian victims.
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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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A lawyer for Facebook Inc. said she was “unsure” whether company founder Mark Zuckerberg signed a contract that purportedly entitles a New York man to 84 percent of the world’s biggest social-networking service.
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The state of Hawaii dropped out of a lawsuit accusing American Express Co. of violating federal law by preventing merchants from steering customers to cheaper forms of payment.
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Citigroup Inc. will pay $75 million to settle U.S. regulatory claims that it misled investors by failing to disclose billions of dollars in holdings tied to subprime mortgages while the housing crisis unfolded.
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U.S. regulators proposed a rule that would require sponsors of asset-backed securities to retain at least 5 percent of the credit risk of the assets underlying the securities.
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American Express Co. won dismissal of a proposed class-action shareholder lawsuit claiming the company misled investors about its underwriting guidelines and delinquent-cardholder payments.
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Goldman Sachs Group Inc. and Citigroup Inc., whose offices in New York’s evacuation zone for Hurricane Irene escaped major damage, are among Wall Street banks that will resume business today as exchanges open. Employees still face a gauntlet getting there.
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American Express Co. , the world’s biggest credit-card issuer by purchases, must face a class- action lawsuit accusing it of conspiring to fix foreign currency conversion fees.
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AMR Corp. ’s American Airlines agreed to give evidence against other carriers and pay $5 million to a group of freight shippers to settle a New York class-action lawsuit over its role in a global price-fixing cartel.
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