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business - "credit"
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Target sells almost half its credit receivablesTarget will sell 47 percent of its credit card portfolio to J.P. Morgan Chase in a deal valued at $3.6 billion.
US banks continue to tighten lendingA Federal Reserve report indicates the number of banks imposing stricter borrowing standards hit near-record levels, suggesting continued worsening of the credit crisis
St George profit plungesST GEORGE has delivered a sharp drop in profit and narrowed its earnings guidance for the full year given the global credit crunch.
UBS to cut 5,500 jobs in subprime wakeResearch ) said it would cut 5,500 of its workforce, or almost 7 percent, through layoffs and attrition in the wake of the subprime credit crisis as it reverses a rapid expansion into investment banki...
BlackRock to buy UBS debtThe US asset manager will pay the Swiss bank $15bn for a portfolio of subprime mortgage debt in a move indicating that the worst may be over in the credit markets
Fed reports tighter lending standardsThe Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to the spreading credit crisis. The Fed said the percentage of banks reporting tighter...
Target sells stake in credit card receivables to JPMorgan (AP)AP - Target Corp. said Monday it will sell nearly half its credit-card receivables to JPMorgan Chase & Co. for $3.6 billion, a move the retailer had long resisted.
Pain from credit crunch richly deserved, says Berkshire'We try to behave as if Berkshire stock was all owned by crippled relatives' Warren Buffett. Photo / Reuters Billionaires Warren Buffett and Charlie Munger say the pain many financial institutions are feeling because of the credit crunch is well deserved. via The New Zealand Herald
U.K. Commercial Woes MountCommercial-property owners in England already struggling with the credit crunch and falling asset values have a new woe to add to the list: higher taxes on empty properties.
Wall St climbs with Fannie and oil; Disney up late (Reuters)Stocks rose on Tuesday as Fannie Mae's reassuring comments about the credit and housing markets buoyed financial shares, while record crude oil prices lifted shares of energy companies.
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Archived "business - credit" news stories.
 Available news archives.
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