| 12/01/2008 03:38 PM |
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Credit-card industry may cut $2 trillion lines: analyst (Reuters via Yahoo! News)
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The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
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| 12/01/2008 03:28 PM |
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Credit Card interest rates resume narrow decline (AP via Yahoo! Finance)
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The average annual interest rates charged on popular types of credit cards fell slightly this week, resuming a multiweek decline after wavering last week, according to Bankrate.com Monday.
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| 12/01/2008 03:56 PM |
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S&P Assigns EBay 'A-' Credit Rating And Positive Outlook (Fox News)
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S&P Assigns EBay 'A-' Credit Rating And Positive Outlook
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| 12/01/2008 03:23 PM |
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Credit card interest rates resume narrow decline (AP via Yahoo! Finance)
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The average annual interest rates charged on popular types of credit cards fell slightly this week, resuming a multi-week decline after wavering last week, according to Bankrate.com Tuesday.
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| 12/01/2008 02:23 PM |
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LSR to Cut Jobs, Delay Developments on Credit Crisis (Update1) (Bloomberg)
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Dec. 1 (Bloomberg) -- LSR Group , Russia’s second-largest property developer, will cut 10 percent of its workforce and freeze new construction next year as credit dries up and Russian property prices fall, Chief Executive Officer Igor Levit said.
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| 12/01/2008 12:57 PM |
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Avista receives new $200 million credit facility (AP via Yahoo! Finance)
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Energy company Avista Corp. said Monday it received a new one-year, $200 million line of credit. The new credit facility gives Avista flexibility in accessing capital markets in 2009 amid the ongoing downturn in the credit markets, Mark Thies, Avista's senior vice president and chief financial officer, said in a statement.
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| 12/01/2008 09:24 AM |
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Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show (Bloomberg)
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Dec. 1 (Bloomberg) -- The cost of protecting European corporate bonds from default rose, according to traders of credit-default swaps.
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| 12/01/2008 07:22 AM |
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Switzerland Feels Iceland’s Pain With Banks’ Vanishing Credit (Bloomberg)
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Dec. 1 (Bloomberg) -- An isolated European country with an economy geared toward finance and winter sports is no longer a monetary bastion as credit evaporates around the globe.
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| 12/01/2008 03:17 PM |
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L.A. Pastor Charges $122K On Church Credit Card (CBS 2 Los Angeles)
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The pastor for First AME Church in Los Angeles has apologized to his congregation over his use of a church credit card for $122,000 in personal expenses. Sunday's apology follows a Los Angeles Times report that John Hunter used a church credit card for vacations, clothes, jewelry and other items. The 51-year-old pastor has signed a deal to repay the money.
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| 12/01/2008 02:51 PM |
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Pastor apologizes for church credit card use (The Fresno Bee)
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The pastor for First AME Church in Los Angeles has apologized to his flock over his use of a church credit card for $122,000 in personal expenses. Read comments
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- Features an assortment of helpful articles related to credit issues.