In the end, Bank of America will be judged not by what it says, but by what it does. Shuttering a tiny Fleet unit that made a difference is a chilling beginning.
Visa U.S.A., which until last year considered MasterCard International its main rival in debit cards, is making internal adjustments in what is being viewed as a response to a now-bigger threat, First Data Corp.
The US carriers have tried to control mobile services and mobile commerce, and all they have succeeded in doing is killing it. The barriers to providing applications are so high that the content is just uninteresting and expensive.
Although share buybacks and dividend increases are a possibility, many predict a rush of deal-making over the coming year, as banks seek ways to boost earnings and help them compete against larger rivals. This could involve anything from small "bolt-on" acquisitions to bigger and riskier ones, with some banks even contemplating large, cross-border European deals.
Unlike previous credit cards issued in China by foreign banks, the American Express and Citibank cards allow payment not only in dollars but also in Chinese currency. That makes the cards viable for ordinary consumers.
More on the story in this press release from American Express.
Phishing emails don't need to be sophisticated to lure the unwary. Indeed, there's some evidence those behind the more convincing looking emails masquerading as bank emails are also behind a spate of key-logging trojans, which use basic methods to fool the recipient into making them active.
The average cost of sending 200 dollars from the United States to Latin America was 7.9 percent, the IADB study showed. Ecuador was the cheapest at 5.4 percent and Cuba the most expensive, at 12.1 percent. Even though the cost is half of what it was five years ago, officials say it must be cut more.