Mastercard removes some ads for customer transaction data
The card network sells aggregate information about customer spending habits, which data-privacy advocates say goes past Mastercard’s role as a payment processor. Mastercard explained the recent removal of certain advertisements as a business decision.
Bakhshi looks back on her nearly four-decade career and reflects on what has changed in the industry over the years.
Los Angeles-based City National Bank recorded a $247 million loss during a tumultuous final quarter of its fiscal year. But executives at the bank's Canadian parent company say they expect a return to profitability in the first quarter.
The Canadian bank reported a 70% decline in profits at its U.S. commercial banking and wealth management unit in the most recent quarter and boosted reserves amid distress in the commercial real estate market.