business - "credit"

SAN FRANCISCO (MarketWatch) -- Chubb Corp. reported better-than-expected first quarter earnings late Thursday and said it hasn't seen a big increase in claims from the credit crunch.

The British pound generally consolidated losses above 1.97 over the course of the day after UK retail sales fell for the first time in three months as the deteriorating housing market and restrictive credit conditions have started to weigh on sentiment.

The Swiss banking industry suffered another blow yesterday as credit Suisse, until now seen as a mild casualty of the financial crisis, plunged to a first-quarter loss because of big credit crunch wri...

AmeriCredit Corp.'s profit plunged 63 percent in the fiscal third quarter as bad credit continued to eat into the car lender's portfolio of loans, the company said Thursday.

A proposed $7 billion downtown Seattle project became the latest major urban development to be blocked by the credit crisis and a faltering economy. The Clise family is temporarily pulling a 13-acre property for sale for at least $600 million off the market. A deal might occur after credit markets settle.

Credit Suisse lost its reputation as a light casualty of the US credit crisis after larger-than-expected writedowns on leveraged finance and structured products triggered its first quarterly loss in five years

While some investment banks have dumped inventory at fire-sale prices - especially those, such as rival UBS, that unwisely built massive stocks - credit Suisse has adroitly balanced costs and benefits in handling its portfolio, says chief executive Brady Dougan

Barclays profits take a hit, credit Suisse announces $5billion writedown and RBS could take a $12 billion hit Banks continue to suffer from risky assets European Commission doubts legality of Alitalia loan ... via Reuters Video

Two different trends are emerging when it comes to how companies are faring in the current economy. Banks, builders and airlines are getting clobbered by the credit crunch and soaring energy costs. But farflung companies from Boeing to McDonald's are doing well, thanks to growing exports.

The one-time claim of Swissbankingconservatism looks again to be a claim as hollow as their Emmental today as credit Suisse revealed anything but credit.