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Citigroup to deploy $36.5 billion to boost lending Citigroup, under pressure to increase its lending, says it will spend $36.5 billion to issue mortgages, make credit card loans and buy distressed assets in the tight credit markets in the coming months. The decision arrives after the bank received $45 billion... San Francisco ChronicleBanks drag FTSE 1.7% lower Footsie ends 1.7% lower as credit rating groups' concerns over lenders' balance sheets overrides optimism over their chances of independence FT.comStimulus checks tripping up taxpayers The IRS says refunds will be delayed for income-tax filers who erroneously enter the amount of last year's tax rebate in a space on forms intended for the few eligible for an additional credit. MSNFactory decline eases, consumer spending drops WASHINGTON (Reuters) - U.S. factory activity contracted at a slower pace in January as credit markets improved, data showed on Monday, but the general picture remained one of an economy sliding deeper into recession. ReutersBarclays slides after downgrade Shares in Barclays bank fall heavily in London trade, following a credit rating downgrade from agency Moody's. BBC NewsWater - another global `crisis`? As the world's population increases, temperature rise and societies develop, will water become the "credit crunch" of tomorrow? BBCD Ravi Kanth: Globalisation in retreat Credit in Latin, the embattled British Prime Minister Gordon Brown said at Davos, means belief and trust. Faced with a barrage of questions from a hostile domestic media at Davos on his alleged inability to manage the worst economic crisis and loss of trust, Brown offered some new wisdom. What the world is witnessing at this juncture, he said, is nothing but a new form of financial mercantilism. Business StandardBarclays downgrade strikes sterling Sterling erased some of last week's strong gains on Monday as a credit rating agency downgrade for Barclays, one of the UK's largest banks, damaged the currency FT.comKey provides Luther Forest $15M bridge loan Luther Forest Technology Campus in Malta, bank officials announced today. Key finalized a $15 million line of credit to the tech park operators, six months after the bank provided a separate $10 mill... Big News NetworkTightening Credit, Hardening Market Drive Demand For Premium Financing The struggling economy presents unique challenges as well as growth opportunities for premium finance companies, which will have to manage a delicate balancing act to meet increasing demand for their services in this tight credit market while remaining aware that the deepening recession could lead to a greater number of ... InsuranceHeadlines.com1 2 3 4 |
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