business - "credit"

Posted: 3:03 PM- (THE NEW YORK TIMES) -- The words that came out of Washington last week about the state of the American financial system have been frightening.

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This one goes on and on, doesn't it? You think that the drama has reached the climax and then the script-writers create another and even more improbable scene. Hank Paulson dropping to his knees to pl...

China's top bank regulator has condemned the United States' role in the global credit crisis and urged international cooperation on regulatory systems.

BELGIUM’s Fortis is this weekend poised to become the first large continental bank to fall victim to the credit crunch, as the global chaos continues with Bradford & Bingley and American s...

A recent BBC News report highlights the alarming trend in people sleeping in their cars as a result of being made homeless after the collapse of the housing market and credit crunch.BBC Reporter Rajesh Mirchandani describes the depressing scene of a typical car park in Santa Barbara in which a car park across the street from luxury mansions sees the arrival of few cars that take up spaces in different corners. In each car, a woman, perhaps a few pets, bags of possessions and bedding.

WASHINGTON (MarketWatch) -- president bush said Saturday morning he's confident that Congress will pass a bill aimed at protecting Americans' financial security 'very soon.' In his regular Saturday radio address, Bush said there is widespread agreement on the principles of a plan to kick-start the credit markets. The president also stressed the urgency of getting a plan done, saying 'our entire economy is in danger.' Negotiators from Congress and the administration are returning to talks Saturday with an eye toward finalizing a deal by Sunday. 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.

Olympics Minister Tessa Jowell has told Sky News there may have to be 'concessions' in the building of the olympic village due to the credit crunch. At the moment building work continues and is on t...

Higher lending rates add to delays but not likely to derail strategic projects

U.S. lending standards before the global credit crisis were 'ridiculous,' and the world can learn from China's more cautious system as it considers financial reforms, the top Chinese bank regulator said Saturday.