business - "credit"

Centre-left leaders from around the world called on Saturday for urgent reform of global financial institutions to prevent a recurrence of the credit crisis.About a dozen leaders, brought together

SAN FRANCISCO (MarketWatch) -- Standard & Poor's said late Tuesday that it downgraded four mortgage insurers because house prices are falling more than expected and unemployment in the U.S. is headed higher. The rating agency lowered the counterparty credit rating on MGIC Investment Corp. to 'BBB' from 'A-' and the counterparty credit and financial strength ratings of its mortgage insurance subsidiaries to 'A' from 'AA-'. PMI Group , Old Republic and Radian Group were also downgraded, S&P said. The outlook on all four ratings is negative. Radian, which saw the ratings of its mortgage insurance unit cut to A from AA-, said it's considering selling new shares or getting investments from outside parties to bolster its capital position. The company also said it's also talking with banks that provide its credit facility to change some covenants. market pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this ne

The recent rally in global equity and credit markets juddered to a halt as investor focus returned to the mounting economic slowdown and renewed concerns about interbank lending conditions.

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Former chief of the U.S. Federal Reserve has embarks on an international public relations blitz to set the record straight about the credit bubble

The Bank of England has announced a £5bn increase in the supply of three-month loans it will offer to the banking system this month and promised further action to deal with the credit crunch. ...

Franklin credit Management Corporation today announced that its common stock will begin trading on the Nasdaq Capital Market effective with the open of trading on April 9, 2008.

The financial sector faces potential losses of almost $1,000bn as a result of the credit crisis, the IMF said, warning of further losses and writedowns on prime mortgages, commercial real estate, leveraged loans and consumer finance

A key driver of the bull run in US and UK stock markets in recent years before the credit crunch is now being reversed

FRANKFURT, Germany – Eight months into the global credit crisis, while the U.S. Federal Reserve Bank has been slashing rates, the European Central Bank is staying on the sidelines, worried more ...