business - "credit"

The U.S. Securities & Exchange Commission (SEC) is looking into the workings of the three main credit rating agencies, prompted by their handling of the subprime crisis and a report of computer errors at Moody's .

PARIS (Reuters) - The U.S. Securities & Exchange Commission (SEC) is looking into the workings of the three main credit rating agencies, prompted by their handling of the subprime crisis and a report of computer errors at Moody's .

OCTAVIAR, formerly MFS, said today it remains uncertain whether its creditors will wait until it has finalised the sale of its 65 per cent stake in its Stella leisure business.

What does your credit score have to do with what you pay for automobile or homeowner insurance? How about your education or your job?At a lengthy congressional hearing in Washington on Wednesday, Florida Insurance Commissioner Kevin McCarty brought the state's long-running battle with the insurance industry over these issues to the forefront. He argued that credit scores are not 'fair and valid' criteria for setting insurance rates.Under an exemption from Florida's public records laws, insurers have been able to set policy premiums without revealing their pricing models. That exemption will expire in October, and a spokesman for McCarty's office said the state will ask companies to reveal more about their processes.

TopLine Federal credit Union, a provider of financial services, has appointed Thomas Smith as vice president of lending and chief loan officer.

Credit Suisse, a financial services company, has appointed Paul McTaggart to lead both the metals and mining equities research team in Australia and credit Suisse's global commodities research effort.

Citibank and China Metal products Group have launched a new shopping and lifestyle benefits co-branded credit card.

PARIS (Reuters) - The U.S. Securities & Exchange Commission (SEC) has begun looking into possible computer glitches at credit rating agency Moody's (MCO.N:

First Financial Network has announced that it will market and manage the sale of approximately 12,000 active and inactive credit card accounts totaling approximately $12 million from failed ANB Financial, National Association, for which the Federal Deposit Insurance Corporation is acting as a receiver.

LONDON (MarketWatch) -- European stocks edged lower in thin trade on Monday with markets in the U.K. and the U.S. shut for a holiday. Indexes in Germany, France and Switzerland lost about 0.1% each, with losers including UBS, which traded over 2% lower, while French rival credit Agricole was up over 1% in early trade.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.