Recent Credit Articles page 10

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 ...

CNBC - COLUMBUS, Ohio - Regional bank Huntington Bancshares Inc. said Thursday third-quarter earnings fell 12 percent as merger-related costs and the tightening of the credit market offset a big jump in income. Profit fell to $138.2 million, or 38 cents per ...

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 ...

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 ...

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 ...