banks

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Some Facebook Underwriters Helped Short Sellers

Tom Lauricella, Jenny Strasburg and Jonathan Cheng, Reporters, The Wall Street Journal in News on May 25 at 6:00 am PT

As traders at Morgan Stanley were frantically trying to shore up Facebook Inc.’s share price following the company’s initial public offering, other managers on the deal were helping short sellers bet that the newly minted stock would fall.

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Breach Hits Card Processor Global Payments

Robin Sidel and Andrew R. Johnson, Reporters, The Wall Street Journal in News on March 30 at 9:24 am PT

Global Payments Inc., which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.

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Retailers Join Payment Chase

Robin Sidel, Reporter, The Wall Street Journal in Commerce on March 1 at 4:20 pm PT

Wal-Mart Stores Inc. and Target Corp. are among roughly two dozen retailers working together to develop a mobile-payments system to compete with similar products from Google Inc. and big cellphone companies, according to people with direct knowledge of the project.

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Tech Firms Move to Hip New Home

Joseph De Avila, Reporter, The Wall Street Journal in News on August 25, 2011 at 6:00 am PT

The media have Midtown. The banks have Wall Street. Now tech companies are laying their foundation near Union Square.

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Fed Unveils Swipe-Fee Plan

Maya Jackson Randall and Victoria McGrane, Reporters, The Wall Street Journal in News on June 29, 2011 at 1:17 pm PT

The Federal Reserve on Wednesday unveiled a more moderate plan to curb the debit-card “interchange” fees banks charge retailers, proposing a base fee of 21 cents that’s far less restrictive than a draft proposal that outraged the banking industry.