business - "credit"

Kingsway Financial services Inc. , a Toronto-area based insurer of truckers and high-risk drivers, says it intends to repay $89.8 million outstanding debt under its U$175 million three year revolving credit ...

So many things happening in the financial markets today! Not that you could tell by looking at the closing prices of major stock indexes, which after a volatile session ended the day narrowly lower. (The Dow was down just 45 points and the S&P 500 off a routine 0.9%.)1. M&A activity. For all the trouble that is out there, don't let anyone tell you that 'banks aren't lending.' For one thing, American homebuyers are still getting mortgages at a historically low 6% interest rate.For another, firms are still obtaining financing for huge multi-billion-dollar merger-and-acquisition deals. Among the headlines Monday: Anheuser-Busch Companies (BUD) agreed to be acquired by Belgian brewer InBev for $52 billion. waste management (WMI) launched a $6.2 billion bid for Republic services (RSG).Of course, it's no coincidence that garbage and beer are two of the most stable industries out there. Banks may be avoiding risky industries, just as they're clearly shunning homebuyers with lousy credit

The Federal Reserve unanimously approved new mortgage lending rules Monday in a crackdown on shady practices - particularly those involving subprime loans made to borrowers with weak credit.

Continuing concerns about the credit crunch and financial health of banking and mortgage institutions kept bulls at bay Monday.

Not since the Depression have financial difficulties so immobilized spending and credit. Listen to the talk at a local diner in Maine

Fair value accounting became very hard work as the credit crisis dried up once-liquid markets, SEC panelists largely agree, but it should not be blamed for causing or exacerbating corporate credit woes.

Even people who are savvy about credit card rates often don't have a clue how much they are paying for their overdraft. A big mistake, writes Kara Gammell, when the downturn is putting pressure on our wallets.

Fed aims to protect borrowers while not impeding credit flow.

NEW YORK (Reuters) - Stocks tumbled on Monday as concerns about the credit crisis and financial companies outweighed earlier optimism over the government's proposed rescue plan for mortgage finance companies Fannie Mae and Freddie Mac .

Credit Suisse is pleased to announce the launch of its local Equities platform in the Middle East, including several senior appointments in its Equities business in the MENA region.