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business - "credit"

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ANZ Lifts Bad Debt Charges as Credit Crunch Bites
said on Monday it expected much higher bad debt provisions in the first-half of fiscal 2008, reflecting difficult conditions facing Australian firms amid the global credit crunch. ANZ, Australia's thi...
India Gazette Monday, April 07, 2008


Bank of England interest rate decision on knife-edge
When Mervyn King, the Bank of England's Governor, was asked by the Commons Treasury Committee late last month if renewed market upheavals and the tightening credit squeeze left it more predisposed to cut interest rates again, his answer was as blunt as it was crystal clear. “Yes,” he replied.
Times Online Monday, April 07, 2008


Credit Crisis Adds Millions to D.C.'s Interest Payments
Just as subprime mortgage borrowers were teased into taking out loans they later couldn't afford when the interest rates spiked, scores of municipalities, schools, hospitals and even museums are now facing soaring interest payments on unconventional bonds that proved too good to be true.
washingtonpost.com Monday, April 07, 2008


Financial advisers feel the pain of global credit turmoil
The big squeeze on household credit is hurting Britain's army of personal financial advisers, who face a sharp downturn in revenues as lenders withdraw products and close the door to new customers.
Times Online Monday, April 07, 2008


Market flat as earnings fears temper credit hopes (Reuters)
Stocks were little changed on Monday as rising oil prices stoked fears that corporate profits will suffer, overshadowing optimism the credit crisis is easing on news that Washington Mutual Inc was close to securing a $5 billion investment.
yahoo.com Monday, April 07, 2008


Michael Page falls on signs of caution in banking sector
Michael Page International chief executive Steve Ingham said yesterday that ambitious professionals were still keen to switch jobs, despite the impact of the credit crunch. In a trading update, t...
The UK News Monday, April 07, 2008


Online Crooks Face Tough Competition
Fierce competition among identity thieves has driven the prices for stolen data down to bargain-basement levels, which has forced crooks to adopt mainstream business tactics to lure customers, according to a new report on Internet security threats. credit...
San Francisco Chronicle Monday, April 07, 2008


Citigroup offloads Diners Club
Vikram Pandit, Citigroup's chief executive, moved to streamline the troubled financial services conglomerate by selling the Diners Club International credit card network to Discover for $165m
FT.com Monday, April 07, 2008


CompuCredit to Announce First Quarter 2008 Results on May 7th (Business Wire)
ATLANTA----CompuCredit Corporation will announce its first quarter 2008 results on Wednesday, May 7, 2008, after the market closes. Management will hold a conference call on Wednesday, May 7, 2008 at 5:00 p.m.
yahoo.com Monday, April 07, 2008


National Financial Partners Increases Revolving Credit Facility to $250 Million (PR Newswire)
National Financial Partners Corp. , a national network of independent financial advisors specializing in life insurance and wealth transfer, corporate and executive benefits, and financial planning and investment advisory services, today announced that it has exercised the accordion feature of its credit facility, increasing the amount available for borrowing by $25 million to $250 million.
yahoo.com Monday, April 07, 2008




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Archived "business - credit" news stories.

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November 2008
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October 2008
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September 2008
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August 2008
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July 2008
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June 2008
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May 2008
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April 2008
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March 2008
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February 2008
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January 2008
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