Credit-card company Discover Financial Services is buying Diners Club International from Citigroup Inc. for $165 million to expand its network outside the U.S.
Discovers main rivals among card networks include Visa Inc, MasterCard Inc and American Express Co.
Tata Motors is seeking loans of about $3bn to fund its planned purchase of Ford Motor Co’s luxury UK brands Jaguar and Land Rover. Tata has assigned Citigroup and JPMorgan, its financial advisers on the acquisition.
(Jaguar XK Convertible in Liquid Silver – Photo Credit: jaguar)