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business - "credit"

credit


Banks expected to feel pain until 2010
Traders are betting that the credit crunch will still be hurting banks at the end of 2010 with financial institutions expected to be scrambling for cash to shore up their end-of-year balance sheets
FT.com Wednesday, July 16, 2008


French bank Natixis to raise 3.7 billion euros in capital
Research ), France's fourth-biggest listed bank, said on Wednesday it was launching a 3.7 billion euro (2.9 billion pound) capital increase due to the credit crisis that has battered banks around the ...
Big News Network Wednesday, July 16, 2008


Callan is Bound for C. Suisse
Erin Callan, the former chief financial officer of Lehman Brothers Holdings Inc., was hired by credit Suisse Group AG to head a unit that advises hedge funds.
topix.net Wednesday, July 16, 2008


Wall St. soars on banks' best day in 16 years (Reuters)
Stocks rallied more than 2 percent on Wednesday, powered by the best day for banks in 16 years as unexpectedly strong results from Wells Fargo & Co relieved worry about a credit crisis spiraling out of control.
yahoo.com Wednesday, July 16, 2008


Cleveland-Cliffs in $10bn coal mining deal
Cleveland-Cliffs has agreed to buy Alpha Natural Resources, an Appalachian coal mining company, for nearly $10bn in cash and stock, in another indication that companies with solid credit ratings and a strong strategic rationale can still ink deals in spite of tight lending markets
FT.com Wednesday, July 16, 2008


How Bad Will It Get on Wall Street?
As the credit crisis grinds on, the prospects fora quick recovery darken
BusinessWeek Wednesday, July 16, 2008


Jennifer Openshaw: The 15-minute tip: Who's watching your credit score?
Sure, the better your credit score the easier (and cheaper) it is to borrow. But more than ever, your credit score is becoming your life's little report card.
MarketWatch.com Wednesday, July 16, 2008


PlaySpan buys PayByCash
PlaySpan Inc., which makes payment technology for online games and virtual worlds, bought PayByCash, a non-credit card payment company.
Bizjournals.com Wednesday, July 16, 2008


The Church Feels The Crunch
The credit crunch has affected all walks of life and not the church is its latest victim.
Forbes Wednesday, July 16, 2008


Wall St. jumps on Wells Fargo results, oil's slide
NEW YORK (Reuters) - The three major U.S. stock indexes rallied more than 2 percent on Wednesday, powered by the best day in two decades for some major banks as unexpectedly strong results from Wells Fargo & Co relieved worry about a credit crisis spiraling out of control.
Reuters Wednesday, July 16, 2008




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Archived "business - credit" news stories.

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November 2008
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July 2008
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June 2008
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May 2008
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April 2008
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