business - "credit"

Capital One Financial Corp, a credit card and banking company, said on Thursday that first quarter earnings fell, as it set aside three times as much money for credit losses as the same quarter last year.

There?s no doubt that the rapid appreciation of the euro against the US dollar has been impressive. In fact, the EUR/USD pair has surged over 9 percent since January 1, 2008 as the Federal Reserve has aggressively slashed interest rates while the European Central Bank held a firmly hawkish stance despite a global credit crunch and broad instability in the financial markets.

Capital One Financial Corp.'s first-quarter profit fell 19 percent, weighed down by pressures on the company's U.S. businesses, the credit card company said Thursday.

Deutsche Bank and other investment banks are working on plans to develop a clearing house for the credit derivatives markets in an effort to allay growing regulatory and investor fears about 'counterparty risk'

AP - Big wall street investment companies are reducing their borrowing from the Federal Reserve's emergency lending program, a sign that credit problems may be easing.

The prospect of the largest state intervention in financial markets in British history prompted warnings yesterday that taxpayers could face a huge bill following the credit crunch. Amid confusio...

UBS is set to cut 900 jobs in London by the end of June as the credit crunch begins to take its toll on the capital's once-booming financial services sector. The cuts amount to about 10 per cent ...

Royal Bank of Scotland could launch a rights issue within weeks to shore up its capital base as US losses from the credit crunch continue to mount.

Shareholders and employees at Merrill Lynch were told they had to swallow more pain from the credit crisis yesterday, as the financial giant posted another $9.7bn (£4.8bn) of writedowns and said...

WHAT credit crunch? Babcock & Brown's executives had a bumper pay day according to the investment bank's annual report.