Rakuten faces $210 mln charge on credit business
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Online shopping mall operator Rakuten Inc  said on Thursday it would face an additional cost of 23.8  billion yen ($210.1 million) for its credit card business to  comply with tighter lending rules.
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A school's new specialist status as a business and enterprise college could bring a cash injection of pounds 210,000.
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SociÃ©tÃ© GÃ©nÃ©rale also announces further â¬2bn-plus write-down because of credit crunch
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Bankrupt cable operator asks court to force payments, says family already admitted they owe money. NEW YORK  - Adelphia Communications Corp.
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National Australia Bank Ltd., the nation&#39;s largest lender, will bear any losses arising from the theft of about 20 million pounds ($38.5 million) from its Northern Bank unit in Northern Ireland.
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CHICAGO Hollinger International said today it&#39;ll take a pre-tax charge of 27 (M)million dollars to settle advertisers&#39; lawsuits over inflated circulation numbers issued for years by the Chicago Sun-Times.
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Network operator Cable and Wireless Tuesday announced it has agreed to sell its Japanese business, Cable &amp; Wireless IDC, to Softbank for Â£72.
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ALARM has spread through the Russian investment community as authorities slapped a tax bill of almost $US160 million ($210 million) on the number two mobile operator, in what is widely seen as a government-linked campaign against the firm.
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The U.S. attorney for the Southern District in New York said on Tuesday he charged 26 individuals with taking part in "a wide-ranging scheme to commit mortgage fraud" at companies that brokered loans with a total face value of at least $200 million.
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Cable &amp; Wireless has agreed to sell its Japanese unit to Softbank for 72.4 million pounds. The deal, under which the Japanese Internet communications company will assume debt worth 9.5 million
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Your credit card company might be needlessly costing you thousands.
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Credit card company American Express Co  said on Thursday that a slowdown in cardholder spending and rising delinquencies would lead to a quarterly pretax charge of about $440 million.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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The U.S. Federal Trade Commission has filed charges against a payment processing company, accusing it of attempting to debit consumers&#39; bank accounts for up to $200 million on behalf of dishonest merchants.Those consumers either never received the goods or received worthless items, said the FTC, which filed the complaint with seven other U.S. states. The payment company allegedly violated both federal and state consumer fraud laws, telemarketing rules, and FTC regulations regarding the unfair processing of payments.The payment processing company went by several names, which are listed in a FTC news release. The FTC alleges the company processed payments for fraudulent telemarketers and Internet-based merchants that used deceptive sales scripts and methods.About $69 million of the $200 million in transactions were either rejected by consumers or returned because of lack of proper payment authorization, the FTC said.The FTC wants to refund consumers and force the company to forfeit money it still holds from the fraud in addition to other civil penalties. The complaint was filed in the U.S. District Court for the Eastern District of Pennsylvania.The states that have joined the suit are Illinois, Iowa, Nevada, North Carolina, North Dakota, Ohio, and Vermont.
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MOSCOW Vimpel-Communications, the second-largest Russian mobile phone company, after Mobile TeleSystems, has been hit with a surprise claim for $157.8 million in back taxes, prompting fears of another Yukos-style tax investigation.
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Bank of New York Co. Inc. is talking to US prosecutors about paying a $24 million penalty in order to avoid a criminal indictment on charges of failing to report suspicious activity at
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Banks are being accused of pressuring customers into taking out costly loans to try to clear their debts.