| European stocks drop on credit fears http://www.chicagotribune.c... Credit Articles Chicago Tribune - European stocks fell Friday for the second day in a row, led by banks, after Wachovia Corp. forecast more loan losses, stoking concern the worst of the credit-market turmoil isn't over. "The news isn't supporting the banking industry at all," said ... |
| Questor: Credit crunch hasn't put St James's in the infirmary just yet ... http://www.telegraph.co.uk/... Credit Articles Daily Telegraph - Recent concerns about a sharp drop in City bonuses have not only worried the investment bankers, they have also weighed heavily on the shares of wealth manager St James's Place. Since the credit markets began their turmoil in May, the shares have ... |
| 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 Credit Articles Daily Telegraph - Banks and building societies have withdrawn 40 per cent of their mortgage deals over the past three months, as the credit crunch takes its toll on people trying to buy a home.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 ... |
| UPDATE 2-Paulson says banks credit rescue fund market-driven http://today.reuters.com/in... Credit Articles Reuters - WASHINGTON, Oct 19 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday a multi-billion-dollar credit rescue fund that big banks were setting up was purely market-driven and was not intended to help banks dispose of bad assets. Paulson ... |
| Where Credit Is Due: A Fresh View on the Exner Designs http://www.nytimes.com/2007... Credit Articles New York Times - IT was spring of 1938, and Virgil M. Exner had a big decision to make. Although the Great Depression was loosening its grip, money was still tight. Exner, not yet 30, was already in charge of Pontiac styling at General Motors. But Raymond Loewy, the ... |
| 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 ... |
| Japan's 10-Year Bonds Rise on Speculation of Global Credit Rout http://www.bloomberg.com/ap... Credit Articles Bloomberg - Oct. 19 (Bloomberg) -- Japanese 10-year bonds advanced for a fourth day after growing concern over a global credit-market rout increased demand for the relative safety of government debt. Notes in the U.S. and Europe rallied on speculation the U.S ... |
| Asian Markets Open Lower on U.S. Credit Concerns http://www.cnbc.com/id/2136... Credit Articles CNBC - Asian markets opened the Friday session lower, as selling pressure kicked in on continued credit worries exacerbated by poor results from Bank of America. Investors were also watching currency and oil movements after the U.S. dollar sank to a ... |
| BoA takes surprise credit crunch hit http://www.telegraph.co.uk/... Credit Articles Daily Telegraph - Bank of America is undertaking a high-level strategic review of its investment banking business after trading losses of more than $1.4bn (£700m) contributed to a 32pc drop in third-quarter profits. BoA chief executive Ken Lewis ordered the review as ... |
| BofA: The Credit Crunch Takes Its Toll http://www.businessweek.com... Credit Articles 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 ... |