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10-Aug-2008
Credit crunch has wiped £1m a minute from wealth (Independent)
The credit crunch has wiped a total of £600bn ? more than £1m a minute ? from the UK's total wealth since it started a year ago, according to accountants PriceWaterhouseCoopers. Credit card interest hits 15-year high (News Interactive)
THE average interest rate on credit cards has hit a 15-year high just shy of 20 per cent, a study has found. Slowdown in agriculture credit after loan waiver (Express India)
Growth of agricultural credit from the banking sector has fallen by 19% this fiscal, shows the first set of RBI numbers after the farm loan waiver announcement. ANZ Launches Credit Card That Rewards Repayments (Scoop.co.nz)
ANZ today announced the launch of the ANZ Everyday Rewards Visa ? New Zealand?s first credit card to reward customers for paying money back. Credit default swap market under scrutiny (International Herald Tribune)
Reining in the credit default swap market is a rising priority for regulators who oversee U.S. banks and insurers. Credit card industry faces reforms (UPI)
WASHINGTON, Aug. 10 (UPI) -- Credit card companies can expect to face stricter regulations soon, say observers of the U.S. Congress and Federal Reserve. The credit crunch bites, even in St Tropez ... (AFP via Yahoo! News)
Luxury retailers, hotels and other high-end services have reported a dramatic drop in business in St Tropez, a traditional summer haunt of the rich and famous, as the credit crunch bites. Credit card rates at 15 year-high (The West Australian)
Consumers are paying the highest average interest rate on their credit cards in 15 years, an analysis shows. The average rate on a standard credit card is now 19.50 per cent, credit card comparison website www.click4credit.com.au says. American-style credit ensnares consumers overseas (International Herald Tribune)
In a cultural shift, credit cards have become commonplace in Turkey and other middle-income countries, but so has the curse of Debt.
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