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business - "credit"
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AIG chief is 'right man' to lead the recovery (at FT.com)Martin Sullivan, AIG's embattled chief executive, yesterday won the backing of the insurer's chairman, who said he was 'the right guy' to lead the company out of its credit-related woes. ft.com Wednesday, May 14, 2008
Sallie Mae snafu dings borrowers' credit scores (AP)Because of a computer error at Sallie Mae, thousands of people with student loans from the company had their credit scores decimated. yahoo.com Wednesday, May 14, 2008
The Fed: Betting on a rate hikeThere is a growing sense that the worst of the credit crunch may be behind us. And despite a tamer-than- expected reading for April, inflation is still very much a concern for many Americans. CNN Wednesday, May 14, 2008
How credit cards boost gas pricesBuying gasoline with a credit card could be hurting your local independent gas station owner - and you may have to pay for it. CNN Wednesday, May 14, 2008
Credit Frozen: What To Do?Across the U.S., lenders are slashing home equity lines of credit (HELOCs). June Fletcher on what to do if your loan is put on ice. Real Estate Journal Wednesday, May 14, 2008
Novotel to sell for over $70mAN imminent round of hotel sales has given investors some cheer ahead of a threatened development slowdown caused by the credit crunch. The Australian Wednesday, May 14, 2008
Expert hails crunch-proof marketOne far-flung property market is apparently immune to the global credit crisis... Pattison Wednesday, May 14, 2008
FIMAC Solutions: FIMAC Offers ''Window to the Future'' to Bank CFOs and Loan OfficersDENVER, CO (MARKET WIRE) While the nation's largest banks continue to reel from the sub-prime mortgage collapse, banks coast to coast have another witches' brew in the making. Since 2000, the joint regulating agencies have been looking at the levels of underlying risk associated with banks' commercial real estate loan portfolios. In a report released April 14, credit rating agency A.M. Best reiterated that 'commercial real estate risk is the leading contributing factor to overall credit risk for mid-size and small banks.' Marketwire.com Wednesday, May 14, 2008
The Water Cooler* City types already facing losing their bonus or even their job are having to cope with another, unexpected side-effect of the credit crunch: divorcing has become harder. According to Anna Wagstaff, a family law partner at Gordon Dadds, there have been a number of cases involving City-types lately in which the divorce can't be finalised because the parties can't sell their biggest asset, their house. "Clients having gone through the heartbreak of divorce and having reached a financial settlement find that they still cannot move on because failure to sell the house means they can't implement their divorce agreement," Wagstaff says. Is there no end to their suffering? Times online Wednesday, May 14, 2008
Lloyds TSB says 450 IT jobs to move to IndiaThe Lloyds TSB Group Union slammed the plans, coming just weeks after the government pledged more financial support to the banking industry during the credit crunch. It said Lloyds has exported up to ... The UK News Wednesday, May 14, 2008
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Archived "business - credit" news stories.
Available news archives.
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