Skip navigation

 Login or Register | Member Centre

Posted AT 12:10 PM EST on 30/06/08

Banks face dollar-exchange suit

TARA PERKINS

FINANCIAL SERVICES REPORTER

Canadian Imperial Bank of Commerce, Royal Bank of Canada, Visa Inc. and JPMorgan Chase & Co. face a possible class action suit alleging they improperly cashed in on the rising dollar. The suit, filed in California, is launched on behalf of retailers in the United States that accept Visa credit cards and allege that banks take too much money when they reverse payments on fraudulent purchases.

The full text of this article has 371 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

Single Article: $4.95

4-pack: $17.95

Technology 

gift guide
Finding the perfect gadget
Need a present for mom, dad, son, daughter, friend, colleague?

MOST POPULAR 

Catalysts 

Vida Zalnieriunas, co-owner of By Chadsey’s Cairns
The view from the vineyard
Canada's booming wine industry is fuelling investments in everything from tourism to housing developments

Adhocracy 

Jennifer Wells
Your Mad Men fix
Plus: Dave Nichol

Talking Management 

Larry Smith
Larry Smith in conversation
President of the Alouettes talks management with Karl Moore Comment

The Law Page 

Dimitri Lascaris
Bay Street under the gun
Disclosure ruling in class actions has created 'real fear out there'

Globe Investor Magazine 

gi
Centre of the storm
The 10 most powerful people in the investment industry

ROB Magazine 

Chuck Winograd
You picked a fine time to leave, Chuck
Why we'll miss RBC Capital Markets' Chuck Winograd

Insights 

Back to top