credit news

AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.

Corporate-bond issuance surges even as banks tighten credit.

Growing balances and delinquencies arent good for the economy, which is dependent on consumer spending, said Bill Hampel, chief economist at the Credit Union National Association...

Online Resources announces two key internet banking wins Co announces that National Penn Bancshares and Travis Credit Union have signed new multi-year agreements with its Community Bank & Credit Union Services unit for retail Internet banking and other services. The institutions combined 100,000 end-users are scheduled to be converted to Online Resources platform later this year...

Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.

Bank's chief executive sets out his plans to shed $500bn of non-core assets in a bid to stem the company's decline and help it recover after the credit crunch

Experts divided over what has been a big earner in recent years - until the credit crunch. Some see it rebounding while others are more cautious

NEW YORK, May 9 -- Citigroup said Friday it would shed about $400 billion in real estate, loans and other assets over the next few years as it tries to return to profitability after huge losses in the mortgage and credit markets.

SCOTS nearing retirement could gain from the credit crunch by shopping around for a better annuity deal - but most fail to do so. The level of income paid by annuities is at a

The insurance giant's far larger-than-expected first-quarter loss rouses investor ire and renews fears the credit crisis may still have a way to go