|
Investors ‘Panic’ Buy Credit, Shun Government Debt (Update1) (Bloomberg)
Jan. 8 (Bloomberg) -- Investors are “panic buying” corporate bonds and shunning the safety of government debt in Europe as they seek high-yielding assets.
us.rd.yahoo.com
Moody's cuts Bank of America's senior debt rating (AP via Yahoo! Finance)
Credit ratings agency Moody's Investors Service said Thursday it cut the senior debt rating of Bank of America Corp. and ratings on its subsidiaries, including its lead banking unit.
us.rd.yahoo.com
Debt falling while credit is tight (UPI)
NEW YORK, Jan. 6 (UPI) -- U.S. corporations and consumers are downsizing debt while credit remains tight, possibly marking a sea change in spending attitudes, a bank economist said.
us.rd.yahoo.com
Global Investment House Defaults on Majority of Debt (Update3) (Bloomberg)
Jan. 8 (Bloomberg) -- Global Investment Houses KSCC defaulted on most of its loan repayments as the seizure of global credit markets hampers refinancing of Kuwait’s biggest investment bank’s short-term debt.
us.rd.yahoo.com
Consumer Credit Cards Greater Worry Than Mortgages, Nixon Says (Bloomberg)
Jan. 8 (Bloomberg) -- Royal Bank of Canada Chief Executive Officer Gordon Nixon said he’s more concerned about rising defaults on credit-card debt than on mortgages as unemployment rises amid a recession.
us.rd.yahoo.com
Global Investment House Defaults on Majority of Debt (Update1) (Bloomberg)
Jan. 8 (Bloomberg) -- Global Investment Houses KSCC defaulted on a majority of its loan repayments as the seizure of global credit markets hampers refinancing of Kuwait’s biggest investment bank’s short-term debt.
us.rd.yahoo.com
Debt collectors busy but still struggling (The Jackson Citizen Patriot)
Debt collectors don't expect any sympathy. But they're not having an easy time of it these days. When the economy tanks, more people fall behind or miss payments on credit cards and bills. As a result, debt collectors have to make more calls and it's harder for them to collect.
us.rd.yahoo.com
Debt falling while credit is tight (Moldova.org)
U.S. corporations and consumers are downsizing debt while credit remains tight, possibly marking a sea change in spending attitudes, a bank economist said.Attitudes toward spending and debt have changed semi-permanently, David Rosenberg at investment bank Merrill Lynch wrote in a recent report for clients, The Christian Science Monitor reported Tuesday.The recent credit crunch that began last ...
us.rd.yahoo.com
Kuwait's Global Investment defaults on debt (The Globe and Mail)
KUWAIT — Global Investment House, Kuwait's biggest investment bank, defaulted on most of its debt in the first of several expected casualties among financial companies due to a credit crunch, just months after Kuwait rescued one of its biggest banks.
us.rd.yahoo.com
Gentler tax laws urged on debt default (Greater Baton Rouge Business Report)
(From The New York Times ) Congress should ease certain tax laws governing defaults on mortgages, credit cards and other consumer debt to help Americans who are struggling in the economic downturn, the watchdog agency of the Internal Revenue Service said Wednesday.
us.rd.yahoo.com
|
