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Bank Credit-Default Swaps Headed for Biggest Monthly Drop Since April 08

Admin — Sat, 31 Jul 2010 04:24:58 +0000

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An index of credit-default swaps insuring against losses on European bank bonds is heading for the biggest monthly drop since April 2008.

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Credit Unions Planning Amalgamation

Admin — Thu, 29 Jul 2010 22:34:58 +0000

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Eastern Edge Credit Union and Horizon Credit Union are negotiating to amalgamate the two credit unions. The merger must be approved by members from both operations and that decision is expected in late October.

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Credit Suisse Wins Dismissal of Claims by U.S. Pension Over Swiss Shares

Admin — Wed, 28 Jul 2010 09:40:05 +0000

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Credit Suisse Group AG won a decision in New York federal court today dismissing claims by a U.S. pension fund that bought Credit Suisse Global shares on the Swiss Stock Exchange. U.S. District Judge Victor Marrero, applying the U.S. Supreme Courts recent Morrison decision, said U.S. buyers of a foreign stock on a foreign exchange cant sue for securities fraud under U.S. law.

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Credit card hackers make themselves at home at hotels

Admin — Mon, 26 Jul 2010 10:30:22 +0000

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A study released this year by SpiderLabs, a part of the data-security consulting company Trustwave, found that 38 percent of the credit card hacking cases last year involved the hotel industry.

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Great credit card rip-off: banks cash in with interest

Admin — Sun, 25 Jul 2010 01:55:00 +0000

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Credit card providers are raking in almost $90 million in interest payments every month by ignoring the movements of the Reserve Bank on official rates.

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Credit Suisse Quarterly Profit Beats Forecasts

Admin — Fri, 23 Jul 2010 05:10:00 +0000

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Credit Suisse Quarterly Profit Beats Forecasts

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Credit info, data help enhance lending

Admin — Wed, 21 Jul 2010 21:40:00 +0000

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The Credit Bureau data plays a critical role when consumers have multiple credit facilities with different lenders.

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Credit Card Regulations for Small Items

Admin — Tue, 20 Jul 2010 08:00:26 +0000

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Stores and restaurants may require a minimum purchase to charge when using a credit or debit card.

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Credit Card Defaults, Late Payments Dip in June

Admin — Sat, 17 Jul 2010 13:00:06 +0000

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Credit card defaults, late payments mostly decline in June for top issuers; Citi bucks trend Credit card - Business - Citigroup - Financial services - Personal Finance

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Citibank credit card charge-offs rise in June

Admin — Fri, 16 Jul 2010 02:19:58 +0000

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Write-offs of uncollectable credit card debt remained stubbornly high at Citibank for June, as did late payments, bucking an industrywide trend.

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