In New York Appeals Court, Wachovia Corp. has succeeded in over-turning the emergency order by Justice Charles Ramos issued yesterday in New York State Supreme Court which gave Citigroup Inc. the sole legal authority to negotiate with the bank. Citi

Mortgage giants Fannie Mae and Freddie Mac could possibly sell some bad assets to the U.S. Treasury, according to a media report. James Lockhart, director of the Federal Housing Finance Agency (FHFA) which now oversees the two companies, gave a

The head of the world's largest bond fund said the Fed needs to take additional steps to calm markets and instill confidence.

Speaking at the Peterson Institute for International Economics in Washington D.C. on Monday, World Bank President Robert Zoellick said the G7 is "not working" and called for a new multilateral network for the new global economy.

Neel Kashkari, former vice-president at Goldman Sachs and current assistant secretary of international affairs at the U.S. Treasury, is expected to become the interim head of the $700 billion rescue package, according to anonymous sources who spoke to the Washington

In a sweeping deal that could be worth more than $8.4 billion, Bank of America Corp. has agreed to settle claims brought by state Attorneys General regarding certain risky loans originated by Countrywide Financial Corp. The move will diffuse some

Families are facing punishing increases in the cost of personal loans, with interest rates rising as high as 36.9%

Use these four tips to bolster your finances during tough economic times.

Microsoft Midsize Business: Can NFC help retailers rake in customers? Walgreens Streamlines Payments Process, Reduces Processing Costs with Bank of America's ePayables Forrester Research: Red Flag Compliance: Are You Ready? by Geoffrey Turner Altus Group Lands Chase Card Services Account

eBay has announced that it has "reached a definitive agreement to acquire Bill Me Later®, the number two online-oriented payments brand, for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds.

MasterCard Worldwide has announced the launch of MasterCard Saving - calling it "a new, innovative program that provides Debit MasterCard and eligible Prepaid MasterCard cardholders with hundreds of significant merchant-funded discounts and special offers each day from thousands of merchants

BAI and Hitachi Consulting have announced results of a new nationwide consumer payment preferences study that was sponsored by First Data Corporation and its STAR(R) Network, Harland Clarke, MasterCard Worldwide, Metavante and PULSE.

BART, First Data and ViVOtech have released the results of an NFC-based mobile payments trial conducted in the San Francisco area from Jan. 28 to May 30, 2008 - saying it demonstrates high use when both transit fare and retail

Glenbrook's October 15-16 Payments Boot Camp is now sold out. The next Payments Boot Camp is being held in Denver, Colorado on December 3-4.

The population's incomes rose by 0.8% in August, compared to July, to UAH 76,650 million; and the population's savings amounted to UAH 8,334 million, the State Statistics Committee has informed.