Sector Snap: Credit card companies fall CHARLOTTE, N.C. Shares of credit card companies fell Monday as the financial sector continued to struggle, sending the broader market lower. In recent weeks, investors have been worried that a slowing U.S. economy could pressure credit card companies.
Asian Stocks Fall on Credit Concerns, Earnings; Banks Decline Aug. 26 -- Asian stocks fell, led by financial companies, on renewed speculation widening credit-market losses will dent earnings growth. Mitsubishi UFJ Financial Group Inc.
Stocks fall amid credit jitters Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterioration of the credit markets will bring more big losses for financial companies.
Fresh credit fears hit financials, unnerve US market US stocks have fallen sharply as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
Asian markets fall amid worries over credit losses Asian stocks fell back Tuesday as more signs of credit market woes fueled fears about the world economy and corporate earnings.
Citi pays $18M for questioned credit card practice Citigroup Inc. will pay nearly $18 million in refunds and settlement charges for taking $14 million from customers' credit card accounts, California's attorney general said Tuesday.
Delta taps $1 billion credit line The airline says the credit will give the company more flexibility as it integrates recently acquired Northwest.
Bad Loans Slow, but Don't Call It a Comeback Loan delinquency trends in the second quarter showed some surprising stabilization signs, but analysts say don't hold your breath for signs that the credit crisis is over.
Lender declares ICOP Digital in default on credit line Equity Bank has declared ICOP Digital Inc.’s $3.5 million credit line in default because of what the bank called ICOP’s weakened financial condition and “impending breach” of a covenant in its loan agreement requiring the company to maintain a net worth of $7.5 million.
Banks lose credit card data A computer holding UK bank customers credit card data has been sold on internet auction site eBay for £35.
Credit Suisse buys controlling stake in US asset manager AMF Credit Suisse said Tuesday it has bought an 80 percent stake in New York-based asset manager AMF for 384 million Swiss francs 237 million euros, 348 million dollars in new stock.
Credit Suisse Takes Stake in Canadian Asset Management Financier Credit Suisse has bought an 80 percent stake in Asset Management Finance from National Bank Financial of Canada for $384 million in newly issued Credit Suisse stock.
Fed auctions another $75 billion to ease credit stresses WASHINGTON - The Federal Reserve has auctioned another $75 billion in loans to help squeezed banks overcome their credit problems.
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