Monthly Archives: October 2009
Thursday at 11: Credit Trap (WTOL 11 Toledo)
Brad Harvey investigates the fine print on the back of credit card statements. Continue reading
Thursday at 11: Credit Trap (WTOL 11 Toledo)
Brad Harvey investigates the fine print on the back of credit card statements. The information he found could trap folks into a never ending cycle of debt. Continue reading
CORRECT: E*Trade 3Q Loss Widens On Debt Charge (Nasdaq)
(“E*Trade 3Q Loss Widens On Debt Charge, Credit Trends Improve,” published at 4:23 p.m. EDT, misstated E*Trade’s third-quarter net loss in the seventh paragraph. The correct version follows.) Continue reading
E*Trade 3Q Loss Widens On Debt Charge, Credit Trends Improve (Nasdaq)
NEW YORK -(Dow Jones)- E*Trade Financial Corp.’s (ETFC) third-quarter loss widened on charges related to a vital debt exchange it completed. Continue reading
Nationwide’s Mortgage Bonds Help Thaw Asset-Backed Debt Market (Bloomberg)
Oct. 27 (Bloomberg) — Nationwide Building Society’s sale of bonds backed by U.K. home loans may help reopen Europe’s $3.3 trillion market for asset-backed debt, which all but shut after the credit crisis caused investors to shun hard-to-value assets. Continue reading
Crackdown targets unfair credit card terms (AFP via Yahoo! News)
Credit card companies may be forced to clamp down on unfair practices which hurt consumers as part of a government drive to tackle debt repayment problems. Continue reading
Pucci, Credaris Veteran, Starts $100 Million Credit Hedge Fund (Bloomberg)
Oct. 26 (Bloomberg) — Gennaro Pucci , formerly head of trading at credit manager Credaris , has started a $100 million hedge fund that will trade mostly European corporate debt, credit derivatives and asset-backed securities. Continue reading
Credit card companies will be forced to help customers under new laws (Times Online)
New laws requiring credit card companies to help customers to reduce their debt rather than encourage them to increase it will be proposed tomorrow. Continue reading
Dubai ponders $6.5bn debt issuance (Financial Times)
Dubai is gauging investor appetite for debt issuance of $6.5bn as the emirate seeks to take advantage of easing credit markets to set the commercial hub on a more stable financial footing. Continue reading
Some Seniors Fend Off Recession On Credit Cards (NPR)
As the nation slowly recovers from the worst economic meltdown in recent history, older Americans are likely to continue to feel its after-effects. Many seniors on fixed incomes have had to rely on credit cards to stretch their finances, like 74-year-old Florida retiree Esperanza Lops, who accrued $19,000 in debt. Continue reading
Recent Comments