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business - "credit"
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Capital One Financial 2Q profit drops 40 percent (AP)Capital One financial corp. said Thursday its second-quarter earnings fell 40 percent due to a sharp increase in its loan-loss provision amid further deterioration in the credit markets.
IMF raises world economic targetsThe IMF says the global economy has weathered the impact of the credit crunch better than first feared.
Fannie Mae's Mudd: won't tap new credit line (Reuters)The chief executive officer of mortgage finance giant Fannie Mae , Daniel Mudd, said on Thursday the company was unlikely to tap emergency credit measures that have been proposed for it by the U.S. Treasury Department.
Realty Q&A: How mortgage applications can ding your credit scoreYou have written that preapprovals don't affect your credit score much. But in October of '07, I asked a mortgage company in Florida to render a quote. Two months later, I received a letter from my auto insurer saying I did not get the best rate because I had three mortgage requests for credit within two years.
Ackermann says credit crisis end in sightJosef Ackermann, Deutsche Bank's chief executive, said the credit crunch was at 'the beginning of the end' as banks and regulators have taken action to deal with the crisis and many businesses were slowly returning to normal
ANZ faces biggest credit dangersANZ has been singled out ahead of other big Australian banks as most at risk of further material provisions, potentially running to $2.4 billion.
IIF chairman says banks ignored warning signsWASHINGTON (Reuters) - Banks ignored signs of mispriced risks and dangerous leverage ratios that indicated the impending credit crisis, the chairman of a global banking organization said Thursday in r...
Could Credit Cards Be Next Financial Crisis?Credit card lending could be the next domino to fall from the mortgage crisis, some analysts say. We explore what's driving credit card lending out of control and see how much debt Santa Monica residents carry around in their back pockets. NPR Thursday, July 17, 2008
JPMorgan earnings beat expectationsJPMorgan Chase provided a relative bright spot for the US financial sector as it reported second-quarter results ahead of wall street expectations, despite $2.4bn in new write-downs and credit provisions
Credit crunch to sting well into 2009, poll showsMoney market rates won't return to pre- credit crisis levels for 6-12 months, likely more, survey shows
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Archived "business - credit" news stories.
 Available news archives.
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