Financial Services

• Lawmakers snipe, Bernanke warns as deadline nears
  AP (July 14, 2011)
  WASHINGTON (AP) - Fuming lawmakers pointed fingers at one another and President Barack Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Federal Reserve Chairm
   
  
• JPMorgan Chase's income rises 13 percent in 2Q
  AP (July 14, 2011)
  NEW YORK (AP) - JPMorgan Chase & Co.'s second-quarter income rose 13 percent as the bank collected higher fees from equity and debt underwriting in its investment banking business. The bank also cut losses in its credit card portfolio.
   
  
• AP-GfK Poll: Debit card fees might change behavior
  AP (July 14, 2011)
  NEW YORK (AP) - Americans prefer using their debit cards at the register. But a small fee could change that.
   
  
• Bernanke: Default on debt would increase deficit
  AP (July 14, 2011)
  WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says lawmakers would end up increasing the federal deficit if they fail to raise the nation's borrowing limit in time to avoid a default.
   
  
• Borrowers sue over apparent loan mod mishaps
  AP (July 05, 2011)
  LOS ANGELES (AP) - It seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.
   
  
• Western Union to buy Travelex unit for nearly $1B
  AP (July 05, 2011)
  NEW YORK (AP) - The Western Union Co. said Tuesday it has agreed to acquire Travelex Global Business Payments for about $973.8 million in cash, in a deal that will allow it to expand rapidly in the business of international payment processing.
   
  
• Greek hopes help lift world markets
  AP (June 21, 2011)
  LONDON (AP) - Hopes that the Greek government will pass a crucial confidence vote later Tuesday, paving the way for the debt-stricken country to get vital short-term loans, helped lift the mood in world markets.