Bloomberg Business

First Republic Stuck in Standoff Between US, Bank Industry

The fate of First Republic Bank has become a game of chicken between the US government and the lender’s largest rivals, with both sides seeking to avoid steep losses and hoping the other will handle the troubled firm.

Mastercard Faces DOJ Antitrust Probe Over Debit Practices

Mastercard Inc. said the US Department of Justice is investigating whether the company has acted in an anticompetitive manner in its debit-card business, a signal that the agency has widened a probe that previously centered on rival Visa Inc.

Close Bitnami banner
Bitnami