Latest news about Credit Loans
Ahead of the Bell: Credit Cards (AP via Yahoo! Finance)
Credit card losses will rise by 25 percent in 2009 as unemployment rises and reduces customers ability to repay the loans, a Goldman Sachs analyst said Tuesday.
18 Nov 2008, 7:22 am | click here for more
High-risk home loans a thing of the past (AAP via Yahoo!7 News)
Prospective homebuyers will find it difficult to receive no-deposit loans in the wake of the global credit crisis.
18 Nov 2008, 3:58 pm | click here for more
Bank of America sees record credit card losses (Reuters via Yahoo! News)
Bank of America Corp Chief Executive Kenneth Lewis said on Tuesday the U.S. economy will receive worse before it improves, and forecast record losses for the U.S. credit card industry.
18 Nov 2008, 3:54 pm | click here for more
'End of era' of high risk home loans (Daily Telegraph)
PROSPECTIVE homebuyers will find it difficult to receive no-deposit loans in the wake of the global credit crisis.
18 Nov 2008, 3:54 pm | click here for more
Bernanke: Credit markets strained, capital helping (Reuters via Yahoo! News)
Federal Reserve Chairman Ben Bernanke said on Tuesday that credit markets, while stabilizing, remain below serious strain and government capital injections into banks are needed to help restore normal lending.
18 Nov 2008, 3:17 pm | click here for more
Credit card loans up by S$840m in 12 months to Sep (Channel NewsAsia via Yahoo! Singapore News)
SINGAPORE: Credit card loans in Singapore have grown by S$840 million in the year to September, up 18 to 19 per cent compared to the previous year.
18 Nov 2008, 2:14 am | click here for more
(AFX UK Focus) 2008-11-18 17:10 Two CMBS loans headed for default -Credit Suisse (Interactive Investor)
NEW YORK, Nov 18 (Reuters) - Two of the largest loans in recent commercial mortgage-backed securities, including one financing two Westin hotels, are close to default, according to Credit Suisse analysts. A $209 million loan for Westin hotels in Tucson, Arizona, and Hilton Head, South Carolina, in October was transferred to a special servicer in October "due to imminent default," the analysts ...
18 Nov 2008, 11:19 am | click here for more
Credit crunch blamed as loans value triples at DSL (The Herald)
DSL Business Finance, the not-for-profit business support agency based in Glasgow, yesterday said the value of its loans had more than tripled over the past five months as a direct result of the credit crunch.
17 Nov 2008, 6:01 pm | click here for more
Global credit crisis hurts tiny loans in South Asia (Reuters via Yahoo! News)
A global credit crisis that has felled big investment banks and prompted multi-billion dollar bailout packages is also hurting unlikely victims half a world away: tiny south Asian businesses dependent on microfinance.
16 Nov 2008, 7:07 pm | click here for more
As U.S. banks retreat, credit unions step up loans (Reuters via Yahoo! News)
Some U.S. consumers hit difficult by the credit and foreclosure crisis are finding that down-sizing their lender is paying dividends.
16 Nov 2008, 12:46 pm | click here for more