Credit Articles page 3

BusinessWeek - After missteps on Wall Street, Bank of America ( BAC ) says it will make big changes in its investment banking business to stop it from spoiling the big bank's success on Main Street. On Oct. 18, BofA reported earnings of 82 cents per share, far ...

Financial Times - Babcock & Brown on Thursday said the tougher conditions resulting from the global credit squeeze had played to its advantage, with the group enjoying one of its busiest periods on record. Phil Green, chief executive, told the Financial Times that the ...

The Independent - The credit crunch has so far failed to dent shoppers' appetites as big discounts helped retail sales grow more strongly than expected for a third month running, it emerged yesterday. Total sales increased 0.6 per cent in September, official figures ...

Forbes - Credit card interest rates largely declined this week, even as some news reports highlighted certain banks' reluctance to lower rates amid higher costs for loan delinquencies. Data on consumer prices and results of the Federal Reserve's "beige book ...

CNBC - WASHINGTON (AP) - Europe, the United States and other regions cannot afford to go it alone when they try to prevent a repeat of this summer's financial market turmoil, the European Union's economy chief said Thursday. Tighter borrowing conditions ...

Forbes - Curry, FDIC director, and Kevin Reynolds, president of Cardinal Bank, in honor of the fifth annual Get Smart About Credit Day, a national event sponsored by the American Bankers Association Education Foundation. "Exposing students at an early age to ...

MSN MoneyCentral - WILMINGTON, Del., Oct. 18 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) announced the election of directors and upcoming plans at the Shareholders' Meeting today. Prashant J. Patel, James M. Cloud and Gwendolyn C ...

MSN UK News - Finance officials from the world's top economic powers pledged to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge. "We remained committed to doing our part in sustaining strong ...

Reuters - UPDATE 2-Paulson says banks credit rescue fund market-driven NEW YORK (Reuters) - Wall Street and big U.S. banks should be wary of cash-strapped consumers. And they should not relax after writing down the value of leveraged loans and other assets by ...

New York Daily News - Strike or no strike, the city isn't backing off its mandate that cabs have GPS tracking and equipment for payment by credit cards, Mayor Bloomberg vowed on Friday. "The deal is not changing," Bloomberg said on his weekly radio program. Bloomberg ...