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business - "credit"
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Retail sales up a bit, led by gas costs (AP)AP - Consumers, beset by a credit crunch, rising energy and food costs and a prolonged housing slump, boosted spending only slightly in March
Report highlights Fannie, Freddie risks (AP)AP - A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.S. government's top-grade credit rating, Standard & Poor's warned Monday.
Consumer Banking: Black Americans given less access to credit, report findsCredit is not color-blind, according to a new report that finds black Americans are offered less access to credit than their white counterparts. Yet obtaining credit is a key step up the ladder of financial success, most economists agree. MarketWatch.com Monday, April 14, 2008
Profit Warnings Up As Credit Crunch BitesUK companies issued 114 profit warnings during the first three months of the year as the credit crunch continued to bite. Accountants Ernst & Young (E&Y) say the figure is the highest for the first ...
City Workers Facing Jobs MeltdownNearly 20,000 jobs will be lost in the City over the next two years as a result of the credit crunch, it has been claimed. The centre for economic and business research (cebr) expects 11,000 to go t...
Wachovia posts surprise 1st-quarter loss, raises $7 billionNEW YORK (Reuters) - Wachovia Corp posted a surprise first-quarter loss on Monday as credit problems from mortgages and other debt soared, prompting it to raise $7 billion of capital, slash its dividend and cut jobs.
Credit union merger comes with big ABCP billFrozen paper must be sold so Ontario credit unions can complete merger with British Columbia counterparts
'Tranche warfare' breaks out over CDOs'Tranche warfare' has broken out in the $450bn market at the heart of the credit crunch as investors scrap over the pools of debts that make up collateralised debt obligations
Earnings fears dent European equitiesFears that problems in credit markets will have a wider impact on corporate earnings in Europe were underlined after weaker-than- expected first-quarter results from Philips
Wachovia to raise $7bn as crunch bitesAmerican retail bank Wachovia is to raise $7bn to shore up its balance sheet after taking a $4.4bn credit write-down $4.4bn in the first three months of the year.
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Archived "business - credit" news stories.
 Available news archives.
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