business - "credit"

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...

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.

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.

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.

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.

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...

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...

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

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.

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.