* Credit card charge-off rate inches up to 13.82 pct * Shares fall 4 percent in premarket trading NEW YORK, Aug 17 - Bank of America Corp, the largest U.S. bank, said on Monday credit...
* China banks forced to scale back credit card policy * Rising late payments a cause for concern * Government curtails distribution of credit cards BEIJING, Aug 13 - Beijing retiree Yuan Yizhong cut up...
NEW YORK, Aug 6 - Gucci America sued several credit card processing companies for trademark infringement on Thursday on grounds those companies facilitated the sale of counterfeit Gucci bags on the Internet. Gucci America said...
*Administration won't prescribe business models for raters *Wants to reduce reliance on credit ratings *Wants to increase disclosures in ratings (Adds lawmaker comments, administration proposal, byline) WASHINGTON, Aug 5 - The Obama administration is ...
WASHINGTON, Aug 5 - The Obama administration is resisting calls to get involved with ensuring that credit ratings are reliable and said on Wednesday this would force investors to rely even more on the ratings....
WASHINGTON, Aug 5 - The U.S. government should not be in the business of regulating the performance of credit rating agencies, a top U.S. Treasury official said on Wednesday. Although credit rating agencies have been...
SINGAPORE, Aug 3 - Trade finance conditions for commodities firms have improved since the credit crunch last year, but banks remain wary of more corporate failures, and club-style deals are key, two banks said on...
By Wang Xinyuan Credit issued by major Chinese banks is likely to hit 10 trillion yuan ($1.46 trillion) this year but non-performing loans (NPL) are unlikely to rebound, according to a report released yesterday by the Institute of International Finance under the Bank of China (BOC). New credit f...
LONDON, April 3 - Many small and medium-sized businesses are under just as much or more pressure from shrinking inter-company credit than from the well-documented tightening of bank lending, UBS said in a report this...
* PNC sees lower losses from National City than expected * Credit weights on US Bancorp results * Bank of America, JPMorgan CEOs buy shares * Bank shares soar (Recasts first two paragraphs, adds paragraphs...