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Examples
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CIT's small business clients, such as Scherr, are critical players in the global supply chain.
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Julie Glassberg for The Wall Street Journal Manhattan coffee-shop owner Jason Scherr says his debit-card fees are higher since the Dodd-Frank law.
Debit-Fee Cap Has Nasty Side Effect Robin Sidel 2011
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"I don't think any investment-grade corporate is burning with the need to raise cash," said Stephen Scherr , global head of the financing group at Goldman Sachs.
Activity Slowed for Big Banks in Quarter Aaron Lucchetti 2011
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That turnover abated for a few years but returned in the last year as Probst replaced Peter Ueberroth as chairman and Stephanie Streeter was named acting CEO after Jim Scherr resigned.
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Jason Scherr had a lot on his mind the day after he opened his fifth Think Coffee shop in Manhattan last week.
Debit-Fee Cap Has Nasty Side Effect Robin Sidel 2011
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Mr. Scherr, the coffee shop owner, says that debit-card fees at one of his five stores rose to about 4.5% of sales from 3.5% of sales in the month after the new law took effect.
Debit-Fee Cap Has Nasty Side Effect Robin Sidel 2011
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Such block sales are an attractive option "when the client doesn't want to be exposed to multiple-day risk of the kind we've seen play out recently in terms of natural disasters and political events," said Stephen Scherr , global head of the financing group at Goldman Sachs Group Inc., which led the MetLife sales.
Stock and Bond Sales Stand Up to Turmoil Randall Smith 2011
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In the meantime, Mr. Scherr is weighing whether the expense of an ATM would justify its installation.
Debit-Fee Cap Has Nasty Side Effect Robin Sidel 2011
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"It's a killer for me," says Mr. Scherr, who estimates that 95% of his sales are under $15.
Debit-Fee Cap Has Nasty Side Effect Robin Sidel 2011
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"My choice is to raise prices, discount for cash or get an ATM," says Mr. Scherr, a lawyer who has been in the coffee-shop business for more than a decade.
Debit-Fee Cap Has Nasty Side Effect Robin Sidel 2011
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