UPDATE 2-Visa in talks to reunite with Visa Europe July 23- Credit and debit card issuer Visa Inc said it was in talks to reunite with former subsidiary Visa Europe Ltd in a deal that would give the global company more scale to compete with arch-rival MasterCard Inc.. Visa Inc and Visa Europe, a cooperative of European banks with over 500 million cards, were part of a global bank-owned network until 2007. Most of the...
| By: Sudarshan Varadhan and Neha Dimri
INSIGHT-U.S. banks prepare for oil and gas company loans to worsen Executives from both JPMorgan Chase& Co. and Wells Fargo& Co. told investors last week, when posting earnings, that they were increasingly concerned about loans to oil and gas companies. Texas bank Comerica Inc on Friday set aside about three times as much money to cover bad loans as analysts had expected, sending the regional bank's shares lower by more than 6...
| By: Dan Freed
Clean bill of health for banks? Insight on quarterly numbers by big banks, with Anton Schutz, Mendon Capital Advisors, and Tom Michaud, KBW CEO.