NEW YORK, Dec 23 - U.S. consumers are missing payments on their mortgages, credit cards and auto loans and going bankrupt with increasing frequency as job losses mount and the U.S. recession deepens, according to...
NEW YORK, Dec 23 - U.S. consumers are missing payments on their mortgages, credit cards and auto loans and going bankrupt with increasing frequency as job losses mount and the U.S. recession deepens, according to...
SHANGHAI, Dec 17 - Money is pouring into China's market for rediscounted corporate bills. But this isn't just a positive result of easing monetary policy -- it shows how nervous banks are getting about credit...
Credit Suisse Group AG, Switzerland鈥檚 second-largest bank, said it will cut 5,300 jobs, or 11 percent of its workforce, after losses of about 3 billion francs ($2.5 billion) in the first two months of this quarter.
-- James Saft is a Reuters columnist. The opinions expressed are his own -- LONDON, Dec 2 - Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with...
NEW DELHI, Nov 26 - "Credit is a devil that dances in empty pockets," was the advice P.V. Rajiv's father gave him when the young salesman swiped his new credit card for the first time...
WELLINGTON, Nov 21 - New Zealand insurer and fund manager Tower Ltd <TWR.NZ> on Friday reported a 17 percent rise in full-year profit on a tax credit, but underlying earnings showed signs of softness. Net...
NEW YORK, Nov 20 - Efforts by large U.S. credit card issuers to gird for historically high customer defaults may actually make the global credit crisis worse. A seizure of global credit markets has left...
NEW YORK, Nov 19 - Efforts by large U.S. credit card issuers to gird for historically high customer defaults may actually make the global credit crisis worse. A seizure of global credit markets has left...
SINGAPORE, Nov 13 - Trafigura Beheer B.V. said on Thursday it had secured a $200 million syndicated revolving credit facility to fund trading activities amid the global financial turmoil and reduced liquidity in financial markets....