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The US housing and mortgage crisis has mushroomed into a new level of adversity. When will this bleeding subside and ultimately come to an end? Is the market near a bottom yet? Are there any upside opportunities? Will the bank, thrift and mortgage industry's pain turn into someone's gain?

MasterCard Europe filed an appeal of the European Commission's (EC) ruling that its non-negotiable interchange fees for cross-border transactions violated EC Treaty regulations. The EC's investigation found that interchange fees MasterCard charges on cross-border Maestro and MasterCard transactions...

"Chase What Matters" is Chase's new tagline in its national ads. Chase's customers' are saying "surcharge free ATM access" is what matters to them, which is why Chase is expanding its ATM branding deal with Cardtronics to install Chase branded ATMs at Hess Express Gas Stations in NY and NJ. Surcharge...

Senator Chris Dodd, Chairman of the Banking Committee grilled bank regulators on 3.4.08 to determine why regulators didn't intervene as loose lending standards led to a meltdown in the mortgage market and caused a credit crunch that could thrust the U.S. economy into a recession. Regulators Donald Kohn...

The House Committee on Oversight & Government Reform will grill Angelo Mozilo, Countrywide's CEO, Charles Prince-former CEO of Citigroup and Stan O'Neal-former CEO of Merrill Lynch, when they testify on 3.7.08, as lawmakers examine if there is a link between "executive pay" and the U.S. mortgage...

Over the past five years consumers have chosen "debit cards" as their preferred payment of choice, trumping credit cards, cash, checks and other forms of payment. 63% of consumers chose debit cards for ease of use;57% perceive debit cards are safe and secure;53% chose debit cards because they can pay...

The U.S. subprime market crisis has affected another bank, HSBC, who will take a $17.2 billion writedown in losses for 2007, however, not all the news is bad for HSBC. HSBC sold its HSBC France bank branches to Banque Populaire for $3.2 billion. Rumors were rampant that HSBC wanted to sell HSBC France...

On the eve of Visa Inc.’s IPO, there are important differences between it and MasterCard in terms of global coherence, size, system architecture, management and legal liability exposure. Net, over the long haul MasterCard’s unitary structure should enable it to grow volume, transactions and therewith...

Visa Inc.'s IPO, unlike MasterCard's, will be fairly and fully priced. Nonetheless, it is a compelling story with a huge opportunity to improve operating margins, in important respects more attractive than MasterCard and in others tangibly inferior.

UTX has made an unsolicited bid for ATM manufacturer Diebold for approximately $3.0 billion in an all cash offer. UTX believes Diebold would benefit from its "international presence and disciplined operating systems." UTX has been pursuing Diebold for the last two years, however, Diebold's management...