credit News Archive

Credit Still Scarce A Year Into Crisis, Despite Fed Efforts (Investor's Business Daily via Yahoo! Finance)

A year after rising losses on subprime mortgage loans sparked a credit crunch, banks remain reluctant to lend to businesses and individuals,...

Fortis says profits halved by credit market turmoil (AFP via Yahoo! News)

Belgian-Dutch banking and insurance group Fortis reported on Monday a halving of its second-quarter net profits owing to the credit market crisis, cutting the figure for the first six months by 41 percent.

Credit Still Scarce A Year Into Crisis, Despite Fed Efforts (Investor's Business Daily via Yahoo! News)

A year after rising losses on subprime mortgage loans sparked a credit crunch, banks remain reluctant to lend to businesses and individuals, dealing a blow to an economy on the edge of recession.

Orix Rejects Report It Is in Merger Talks With Credit Saison (Bloomberg.com)

Aug. 5 (Bloomberg) -- Orix Corp., Japan's largest non-bank financial company, rejected a report that it is in talks with Credit Saison Co., the Japanese credit card firm backed by Mizuho Financial Group Inc.

Whitney: Credit crunch far from over (CNN Money)

The credit crisis is far from over, star analyst Meredith Whitney tells Fortune magazine in its upcoming issue.

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