| Bank of America Profit Sinks on Credit Issues http://www.cnbc.com/id/2134... Credit Articles CNBC - Bank of America said on Thursday that quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit. The news sent U.S. stock futures down and Treasury prices ... |
| Treasuries Rise on Sign Credit Losses Hurting Biggest Banks http://www.bloomberg.com/ap... Credit Articles Bloomberg - Oct. 18 (Bloomberg) -- Treasuries rose for a fourth straight day for the first time since August on evidence credit market losses related to the housing slump are reducing earnings at some of the biggest U.S. banks. The rally pushed two-year note ... |
| US credit default swap index widens 4 bps-Barclays http://today.reuters.com/in... Credit Articles Reuters - Last: NEW YORK, Oct 18 (Reuters) - U.S. credit default swaps widened early on Thursday as equity futures pointed to a negative session after Bank of America (BAC.N: Quote , Profile , Research ) said quarterly profit plummeted 32 percent. The main ... |
| Credit card rates rising, limits dropping http://www.chicagotribune.c... Credit Articles Chicago Tribune - Now that homeowners can no longer easily use their homes as an ATM, many are turning back to credit cards. But beware. Card issuers, like other lenders, are sensitive to problems in the beleaguered mortgage market and unlikely to give much leeway to ... |
| Bank of America's credit default swaps out 9-10 bps http://today.reuters.com/in... Credit Articles Reuters - Last: NEW YORK, Oct 18 (Reuters) - Bank of America Corp's (BAC.N: Quote , Profile , Research ) credit default swaps were quoted about nine to 10 basis points wider early on Thursday after the bank said quarterly profit fell 32 percent, according to ... |
| Logitech Takes Hit in Credit Crisis http://www.forbes.com/feeds... Credit Articles Forbes - Logitech International wrote off between $55 million and $75 million worth of investments in bad loans repackaged and sold as securities, the company said Thursday in its second-quarter earnings report. The Swiss maker of computer mice and other ... |
| Logitech hit by US credit crunch, will write off investments up to $75 ... http://www.iht.com/articles... Credit Articles International Herald Tribune - ROMANEL, Switzerland : Logitech International SA, a maker of computer mice and other peripherals, has become the latest victim of the crisis in U.S. subprime mortgage. The company said Thursday that it will have to write off investments in credit ... |
| Finance officials vow to stem credit crisis http://article.wn.com/link/... Credit Articles Seattle Times - Finance ministers and central bank governors from Canada, France, Germany, the United States, Italy, Japan, United Kingdom and the Eurogroup gather for a photo at their Washington meeting. WASHINGTON — Finance officials from the world's top ... |
| Banks get tough as credit squeeze hits contacts http://www.telegraph.co.uk/... Credit Articles Daily Telegraph - Banks and building societies have withdrawn 40 per cent of their mortgage deals over the past three months, as the credit crunch takes its toll on people trying to buy a home. Melanie Bien: 'The credit crunch is beginning to hit the mainstream market ... |
| GM still stymied by credit rating http://www.detnews.com/apps... Credit Articles Detroit News - General Motors Corp.'s new labor contract so far has failed to provide a much-needed boost to its credit rating, with Standard & Poor's on Friday removing the automaker from the list of companies in line for an upgrade. S&P said serious challenges ... |