Jennifer Surane

Every time a credit or debit card is swiped or a website’s “buy” button is clicked, a series of events moves money from consumer to merchant. The process cost retailers more than $170 billion in fees last year — and banks, payment networks (such as Visa Inc. and Mastercard Inc.) and payment processors fight intensely for a share of that. Retailers have been pushing back, and on March 26, Visa and Mastercard agreed to cap so-called swipe fees as part of a settlement to end a legal fight that’s la

NatWest Group Plc Chief Executive Officer Paul Thwaite revamped his top team as he looks for ways to cut costs and boost returns just weeks into his permanent tenure atop the British lender.

JPMorgan Chase & Co. is creating a marketing business that will let brands tap into the firm’s trove of card data as they offer their wares to customers.

The Financial Conduct Authority may have to extend its long-running probe into motor finance practices after Barclays Plc filed a legal challenge to a decision tied to the matter by the UK’s ombudsman for consumers with financial complaints.

The Bank of England is concerned about the ways that private equity giants value their holdings and how that methodology could amplify any economic shocks in the UK.

The Bank of England found a number of UK banks were unable to measure their exposure to private equity giants and their portfolio companies and ordered them to begin stress testing those relationships.

For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse.

Für einen Händler der Citigroup in London verlief der Morgen des 2. Mai 2022 denkbar schlecht.

Every time a credit or debit card is swiped or a website’s “buy” button is clicked, a series of events moves money from consumer to merchant. The process cost US retailers more than $170 billion in fees last year — and banks, payment networks (such as Visa Inc. and Mastercard Inc.) and payment processors fight intensely for a share of that. Retailers have been pushing back, and on March 26, Visa and Mastercard agreed to cap so-called swipe fees as part of a settlement to end a legal fight that’s

Finance chieftains are once again looking to invest in London as political turmoil in France and the US make the UK look more competitive on the global stage, according to the chief executive officer of a top London lobbying group.