business - "credit"

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.

Because of a computer error at Sallie Mae, thousands of people with student loans from the company had their credit scores decimated.

There 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.

Buying gasoline with a credit card could be hurting your local independent gas station owner - and you may have to pay for it.

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.

AN imminent round of hotel sales has given investors some cheer ahead of a threatened development slowdown caused by the credit crunch.

One far-flung property market is apparently immune to the global credit crisis...

DENVER, 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.'

* 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?

The 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 ...