credit News Archive

Credit crisis gives Islamic finance a chance to shine (International Herald Tribune)

While conventional banks worldwide are nursing losses of more than $400 billion from the credit crisis, Islamic banks are virtually unscathed.

Big debt on campus: Credit offers flood the quad (Chicago Tribune)

As the fall semester beckons and financial aid from parents and the government runs dry, more college students are turning to credit cards to pay not only for their textbooks, meals and transportation but also for tuition.

Russell 2000 lower on renewed credit jitters (SmallCapInvestor.com via Yahoo! Finance)

Small-cap stocks remained lower into midday trading, pulled down by renewed jitters over the credit crunch, which weighed on the financial arena and siphoned some money away into safe-haven...

Feds seek to nab credit card thieves in La., Miss. (AP via Yahoo! Finance)

A ring of cyberthieves has stolen tens of thousands of credit card numbers from Louisiana and Mississippi restaurants this year, leading to over $1 million in losses for the banks that issued them.

Amex shares fall; higher credit costs seen (AP via Yahoo! Finance)

Shares of American Express Co. fell Monday as analysts noted increased rates of delinquencies and defaults in July for the credit card lender, and forecast higher than expected credit costs over the next six to nine months.

Credit crisis fears spark sell-off in small caps (SmallCapInvestor.com via Yahoo! Finance)

Small-cap stocks took a hard turn south Monday as a revival of credit crunch fears turned a sleepy morning opening into an aggressive afternoon slide.

Credit crisis fears pummel Wall Street (International Herald Tribune)

Jitters over the credit crisis shook Wall Street on Monday, dragging down stocks and lifting government debt, as fears mounted that the U.S. Treasury would need to bail out the two largest mortgage finance companies.

Beware the $7,500 'tax credit' (CNN Money)

Washington policy makers and housing industry insiders hope a new tax credit for first-time home buyers will get the moribund housing market moving again.

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