VISA STOCK FALLS BIGGEST 1 DAY DECLINE IN YR AS FEDS LOOKING AT DEBIT PRACTICES; US DOJ ANTITRUST INVESTIGATION REPORTED IN PRESS
VISA STOCK
- VISA STOCK FALLS BIGGEST 1 DAY DECLINE IN YR
- FEDS REPORTEDLY LOOKING AT DEBIT PRACTICES
- US DOJ "ANTITRUST INVESTIGATION" REPORTED
STOCK
MARKET
NEWS
Visa Faces Antitrust Investigation Over Debit-Card Practices
https://www.wsj.com/articles/justice-department-investigating-visa-over-debit-card-practices-11616164525
ALLEGEDLY "prevented merchants"
"The Justice Department is investigating whether Visa (ticker: V), the largest U.S. card network, has prevented merchants from routing debit transactions over lower-cost networks"
BARRON'S: The Feds Are Looking at Visa’s Debit Practices. The Stock Is Falling Hard.
https://www.barrons.com/articles/the-feds-are-looking-at-visas-debit-practices-the-stock-is-falling-hard-51616176835
VISA STOCK FALLS
BIGGEST 1 DAY DECLINE IN YR
"Visa shares slumped 6.2% to $206.90 Friday, their biggest one-day decline in almost a year."
"U.S. Department of Justice has launched an antitrust investigation.."
BLOOMBERG: Visa Faces U.S. Probe Over Its Debit-Card Routing Practices
https://finance.yahoo.com/news/visa-faces-u-probe-over-204107908.html
MARKETWATCH: Visa says DOJ to look into its debt practices in the U.S.
https://www.marketwatch.com/story/visa-says-doj-to-look-into-its-debt-practices-in-the-us-2021-03-19
#VISA #ANTITRUST #DOJ
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STOCK DISCLOSURES
AUTHOR OF THIS BLOG POSITIONS IN ANY Stocks/Bonds/Securities/Futures Contracts/ETFs/Options LONG/OR SHORT MENTIONED IN THIS POST: CURRENT AND LAST 30 DAYS: Non.
AUTHOR INTENT TO OPEN NEW POSITIONS IN NEXT 30 DAYS IN ANY Stocks/Bonds/Securities/Futures Contracts/ETFs/Options LONG/OR SHORT MENTIONED IN THIS POST: Non.
NOT A PAID POST, NOT PAID BY INDIVIDUALS AND OR CORPORATIONS TO PROMOTE THIS POST.