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The American Empire in a Changing World



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Tuesday, January 17, 2012

''Bank of America, Big Banks Face Massive Credit Card Case''

read more from forbes...

"Private antitrust litigation pitting some five million retailers against Visa(V), MasterCard (MA), and 13 large banks, including Bank of America (BAC),Citigroup, Capital One Financial (COF),JPMorgan Chase(JPM), U.S. Bancorp(USB), Wells Fargo(WFC), PNC Financial(PNC), Fifth Third Bancorp (FITB), SunTrust Banks (STI),HSBC (HBC) and Barclays Plc (BCS) has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multi-billion dollar shock to bank bulls in the coming months."

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