Industry

TD acquires Target’s U.S. credit card portfolio

TD Bank Group today announced the completion of its transaction with Target Corporation, in which TD has acquired Target’s U.S. Visa and private label card portfolio and entered into a seven-year program agreement to be the exclusive issuer of Target-branded Visa and private label consumer credit cards to Target’s U.S. customers. Read: Canadian banks on […]

By Staff |March 13, 2013

1 min read

Broker fined for violating FINRA rules

The U.S. self-regulatory organization FINRA has imposed a $5,000 fine on George Lincon of EKN Financial Services, Inc, for guaranteeing a customer against investment losses, reports Bill Singer of Forbes.com. FINRA asserts Lincon’s guarantee was in violation of FINRA Rule 2010 and 2150, which, among other restrictions, prohibit against such measures on the grounds that […]

By Staff |March 13, 2013

1 min read

Is it time Fed dialled down QE?

The recent improvement in the U.S. job data has fanned speculations about the Federal Reserve withdrawing from its $85 billion-a-month bond buying programme. Economy watchers are locked in a debate whether the Fed is considering an exit strategy or just ways to slow the pace of securities purchase. However, some economists say despite better-than-expected employment […]

By Staff |March 13, 2013

1 min read

China’s central bank head sounds inflation alarm

The governor of China’s central bank has sounded the alarm on inflation, saying the Asian powerhouse must be “on high alert,” reports FT.com.

By Staff |March 13, 2013

1 min read