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PayPal,Visa unveil pact on fees and data

  Bloomberg PayPal Holdings Inc and Visa Inc just made up after more than a decade sparring over the future of digital payments. The two companies announced an agreement in which PayPal will stop discouraging customers from linking accounts to Visa cards and share more data with the card network in exchange for “long-term Visa fee certainty” and other incentives. ...

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Dollar bulls would be wise not to count on Fed: Citigroup

  Bloomberg The world’s largest currency trader says forget about the Federal Reserve driving the dollar higher, even if the central bank does raise interest rates later this year. The greenback, which strengthened for a third week for the first time since May, is more likely to trade on evidence of US economic growth than on what the central bank ...

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JPMorgan to stop settling govt securities for dealers

  Bloomberg JPMorgan Chase & Co plans to exit the business of settling government securities for most dealers by the end of 2017, including some transactions in a key corner of the US$1.6 trillion repurchase-agreement market. The departure from the business of facilitating settlement of such trades with 30 dealers and broker-dealers, a fraction of the bank’s hundreds of clients, ...

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