International Business News - credit http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms passed for the fourth straight week. http://www.ibtimes.com/articles/20080828/banks-borrow-more-from-fed-wall-street-takes-pass.htm Thu, 28 Aug 2008 16:31:55 EDT Arizona consumers are gaining a new shield from identify theft: the ability to impose low-cost freezes on their credit reports. A new state law taking effect Sunday adds Arizona to more than 40 other states with similar laws restricting access to credit reports. Those reports detail a person's credit accounts, borrowing histories, addresses and other background information. http://www.ibtimes.com/articles/20080827/new-arizona-law-on-credit-freezes-taking-effect.htm Wed, 27 Aug 2008 16:45:05 EDT Be careful before signing up for a credit card with your spouse. It may cause a fight. A study released Wednesday by CreditCards.com found one out of five people who share a credit card say it has sparked a fight with the other account holder. http://www.ibtimes.com/articles/20080827/study-sharing-credit-cards-causes-spats.htm Wed, 27 Aug 2008 10:50:49 EDT The Federal Reserve has auctioned another $75 billion in loans to help squeezed banks overcome their credit problems. The central bank on Tuesday released the results of its most recent auction. It's part of an ongoing program started in December that seeks to ease financial turmoil and credit stresses. Those problems--along with the housing slump--have badly bruised the economy. http://www.ibtimes.com/articles/20080826/fed-auctions-another-75b-to-ease-credit-stresses.htm Tue, 26 Aug 2008 11:43:03 EDT Credit Suisse Group said Tuesday it has acquired a majority stake in U.S.-based company Asset Management Finance Corporation for $384 million of newly issued Credit Suisse stock. http://www.ibtimes.com/articles/20080826/credit-suisse-buys-majority-stake-in-us-based-amf.htm Tue, 26 Aug 2008 07:10:07 EDT 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. http://www.ibtimes.com/articles/20080825/sector-snap-credit-card-companies-fall.htm Mon, 25 Aug 2008 13:07:46 EDT Credit Suisse Securities USA, a unit of Swiss-based financial services firm Credit Suisse Group, spent $520,000 in the second quarter lobbying the U.S. government on mortgage reforms and other issues, according to a recent disclosure form. http://www.ibtimes.com/articles/20080825/credit-suisse-spent-520-000-lobbying-in-2q.htm Mon, 25 Aug 2008 09:47:07 EDT Insurance companies in Michigan no longer will be able to use customers' credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. http://www.ibtimes.com/articles/20080822/mich-court-oks-ban-on-credit-scoring-in-insurance.htm Fri, 22 Aug 2008 17:30:27 EDT Banks borrowed a bit less over the past week from the Federal Reserve's emergency lending program, while Wall Street firms passed for a third straight week. http://www.ibtimes.com/articles/20080821/banks-borrow-less-from-feds-emergency-loan-window.htm Thu, 21 Aug 2008 16:54:59 EDT The economy is tightening and food and gas prices are climbing, but only 7 percent of Americans say they "worry a lot" about credit card debt. That's according to a study released Wednesday by CreditCards.com, a privately held company that offers consumers comparisons on credit cards. http://www.ibtimes.com/articles/20080820/study-americans-not-so-worried-about-credit-cards.htm Wed, 20 Aug 2008 10:43:37 EDT Federated Investors Inc. said Tuesday it has entered a $140 million term loan agreement. The investment manger said the loan funding will supplement existing sources of liquidity including a $200 million revolving credit agreement, cash flow from operations and about $135 million in available cash. http://www.ibtimes.com/articles/20080819/federated-investors-reaches-140m-credit-agreement.htm Tue, 19 Aug 2008 09:50:51 EDT Genco Shipping & Trading Ltd. said Tuesday a consortium of banks agreed to extend a $320 million five-year credit line to the drybulk shipper. The facility, which is subject to execution of definitive documentation, will be used to finance six new drybulk ships. http://www.ibtimes.com/articles/20080819/drybulk-shipper-genco-gets-320m-credit-line.htm Tue, 19 Aug 2008 07:49:09 EDT 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. http://www.ibtimes.com/articles/20080818/feds-seek-to-nab-credit-card-thieves-in-la-miss.htm Mon, 18 Aug 2008 14:03:46 EDT Allegheny Energy Inc., an electricity provider in four Mid-Atlantic states, said Friday its subsidiary, Trans-Allegheny Interstate Line Co., closed on a $550 million senior secured credit facility with a seven-year maturity. http://www.ibtimes.com/articles/20080815/allegheny-affiliate-closes-on-credit-facility.htm Fri, 15 Aug 2008 13:48:24 EDT Banks borrowed slightly more over the past week from the Federal Reserve's emergency lending program while Wall Street firms did not draw any loans for a second straight week. http://www.ibtimes.com/articles/20080814/banks-borrow-more-from-feds-emergency-loan-window.htm Thu, 14 Aug 2008 16:44:02 EDT Americans still love their plastic, even if they don't trust the credit card companies dishing it out. A study released Wednesday by CreditCards.com found 58 percent of respondents said they "somewhat" or "strongly" agree with the statement "I don't trust credit card companies." http://www.ibtimes.com/articles/20080813/study-americans-love-hate-their-credit-cards.htm Wed, 13 Aug 2008 16:48:16 EDT Britain's financial regulator said Wednesday it has fined the U.K. division of Credit Suisse 5.6 million pounds ($10.5 million) over the pricing of asset-backed securities in its investment banking division. http://www.ibtimes.com/articles/20080813/fsa-fines-credit-suisse-over-pricing-errors.htm Wed, 13 Aug 2008 13:04:47 EDT JPMorgan Chase & Co.'s news that its credit losses of the past month and a half already exceed its second-quarter losses is sobering proof that an end to the credit crisis is still far off in the future. http://www.ibtimes.com/articles/20080812/credit-markets-freefall-continues.htm Tue, 12 Aug 2008 16:45:25 EDT The Federal Reserve has auctioned another $25 billion in loans to the nation's banks and given them more time to pay the money back in an effort to combat a serious credit squeeze. http://www.ibtimes.com/articles/20080812/fed-holds-first-auction-for-84-day-loans.htm Tue, 12 Aug 2008 10:26:11 EDT Wall Street firms will have an opportunity to bid on options to borrow super-safe Treasury securities at Federal Reserve auctions starting later this month. http://www.ibtimes.com/articles/20080808/feds-options-auction-starts-later-this-month.htm Fri, 08 Aug 2008 11:20:41 EDT