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business - "credit"

credit


Impac Mortgage posts $2 bln loss in 2007 on credit woes (Reuters)
Impac Mortgage Holdings Inc , a struggling mortgage lender, said it lost $2.05 billion in 2007, largely because of mounting credit losses tied to higher delinquencies and defaults as the housing market slumped.
yahoo.com Wednesday, May 21, 2008


Stocks in U.S. Decline on Signs Inflation Is Accelerating; JPMorgan Drops
U.S. stocks fell, dragging down the Standard & Poor's 500 Index from a four-month high, as analysts forecast more credit losses and faster inflation threatened to keep the Federal Reserve from stimulating the ...
topix.net Wednesday, May 21, 2008


AIG aims to raise $20bn in new capital
Market fears that American International Group might make more big credit-related writedowns rose after the troubled insurance group revealed it would raise about $20bn in new capital to protect its balance sheet
FT.com Wednesday, May 21, 2008


AIG aims to raise $20bn in new capital (at FT.com)
Market fears that American International Group might make more big credit-related writedowns rose on Tuesday after the troubled insurance group revealed it would raise about $20bn in new capital to protect its balance sheet - 60 per cent more than originally planned.
ft.com Wednesday, May 21, 2008


Northern Rock billions 'at risk in a downturn'
Taxpayers' money tied up in Northern Rock is more at risk than first thought, the nationalised lender's chairman, Ron Sandler, has conceded, as the credit crisis threatens to undermine its restructuring.
Telegraph Wednesday, May 21, 2008


Moody's is reviewing ratings following report (AP)
Moody's Investors Service shares fell sharply Wednesday as the credit ratings agency said it is reviewing whether computer errors wrongly assigned top-quality ratings to debt in Europe that didn't warrant high marks.
yahoo.com Wednesday, May 21, 2008


ETF Focus: Technology, financial ETFs both burned as leadership torch passed
Technology stocks have reclaimed the leadership position as the U.S. market's largest sector by losing less than financial-services shares, which have suffered the brunt of the pain during the credit squeeze.
MarketWatch.com Wednesday, May 21, 2008


Experian warns credit crisis is moving mainstream
Experian, the world's biggest credit-checking company, is cracking down on costs to weather tough times ahead after warning that the financial crisis was spreading from the capital markets to the main...
The UK News Wednesday, May 21, 2008


Fed Minutes Suggest An End To Rate Cuts, Yet Markets Still Unsure
Conditions in the credit markets continue to improve; and the renewed sense of stability for the financial markets is certainly lending itself to speculation...
dailyfx.com Wednesday, May 21, 2008


Fed sees slower growth, higher unemployment in '08 (AP)
AP - Federal Reserve officials strongly suggested they won't be inclined to cut interest rates further even as they sharply downgraded their forecast for economic growth this year, citing damage from a housing slump, credit crunch and galloping energy prices.
yahoo.com Wednesday, May 21, 2008




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Archived "business - credit" news stories.

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