Financials
  • A Discover logo is adhered to a window at the entrance of a shop in Cambridge, Mass., Monday, Sept. 24, 2012. Discover Bank is paying $214 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

     

    Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

     
    LAST UPDATE : Dec 08, 2012, 5:00 AM EST
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  •  In this June 26, 2012 file photo, Spain's Economy Minister Luis De Guindos speaks during a meeting in Madrid. Spain’s government Friday Aug. 30, 2012 approved a major new financial sector reform that creates a "bad bank" to contain toxic property investments and gives the central bank more powers to shut down troubled lenders. The royal decree reform is the fifth such package Spain has introduced since the economic crisis began in 2008.

     

    The Spanish government will immediately recapitalize Bankia after the troubled lender announced first-half losses of €4.4 billion.

    LAST UPDATE : Dec 06, 2012, 3:00 AM EST
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