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November 15, 2005

MasterCard Files Amended S-1 With SEC

MasterCard yesterday filed an amended S-1 registration with the SEC. Among the changes included in the amended version were the naming of additional investment bank underwriters (adding Citigroup, HSBC, and JP Morgan Chase as joint bookrunnners to Goldman, Sachs who is acting as both joint bookrunner and sole global coordinator) and the disclosure of a Consumer Cards Incentive Agreement signed in April of this year with MBNA. In June, Bank of America announced plans to acquire MBNA.

Visa USA Decides It Wasn't Where It Wanted to Be

Stuart Elliott reports for the New York Times on yesterday's announcement by Visa USA that it is switching creative advertising agencies from its agency for the last 20 years, BBDO Worldwide, to TBWA/Chiat/Day. Both agencies are part of the Omnicom Group.

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Headline News - Tuesday, November 15, 2005

Note: This posting is updated regularly throughout the day.

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