business - "credit"

The global credit crunch will last another two to four years according to Bob Doll, the CIO and vice chairman of U.S. investment management firm Black Rock. John Dimsdale breaks down what this means for consumer, auto and credit card loans.

Payment Protection Insurance, or 'PPI' as it is known, must have one of the dirtiest names in the financial services business, after low-cost endowment policies, for dodgy sales practices and general mis-selling. PPI is the type of insurance that you take out supposedly to make payments on a loan or credit debt if you are unable to because of accident, sickness or unemployment.

NEW YORK (MarketWatch) -- The U.S. Securities and Exchange Commission may recommend banning ratings agencies Moody's Investors Service , Standard & Poor's and Fitch Ratings from advising investment banks on how to earn top credit ratings for asset-backed securities, Bloomberg News reported Monday. The news service quoted unnamed sources close to the matter as saying the SEC may unveil the new recommendations at a meeting in Washington on Wednesday. The regulator may also propose that ratings agencies disclose all the data they use to issue a rating, so that competitors can grade bonds even if they are not paid by the underwriter, the report said.

Lehman Brothers will raise $6 billion of capital to cover a $2.8 billion loss.

The Corbin Sayre Fund is at the Daytona Beach College Federal credit Union, located at 1200 W. International Speedway Blvd., Daytona Beach, FL 32114...

Top officials from the United States and China will gather in the US Naval Academy town of Annapolis later this month to discuss the global credit crisis and record oil prices.

Not knowing much about investing and fearing loss, I advised him to roll it over into another CD at our credit union. But the bank convinced him to invest part of the money in some sort of mutual fund...

The two suspects forced her to drive them to the Santa Cruz Community credit Union on Front Street, where she withdrew a substantial amount of money...

OBrien, Patricia K., to Sarasota credit Union, Lot 10087, South Venice, Unit 37, $239,509...

They forced her into her vehicle and made her drive them to the Santa Cruz Community credit Union on Front Street, where one of the men walked into the credit union with her. He made her withdraw a substantial sum of money and give it to them, police said...