March 2010

Deutsche Bank Top All Federal Credit Agency Debt 1Q ‘10; Table

Deutsche Bank Top All Federal Credit Agency Debt 1Q ‘10; Table

Credit rating on 5 Greek banks downgraded by Moody’s amid national debt crisis

ATHENS, Greece – Moody’s credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country’s public debt crisis including painful austerity measures and a long recession.

Financial Literacy Month and Credit Card Debt Consolidation — A New Horizon Credit Counseling Weighs in

FORT LAUDERDALE, FL–(Marketwire – March 31, 2010) – A New Horizon is a well established Credit Counseling company with over 15 years’ experience as a non-profit organization assisting individuals and families from all walks of life in regaining control of their finances. This is accomplished utilizing Financial Literacy training and a host of programs to counsel and educate individuals on the …

Moody’s downgrades 5 Greek banks amid debt crisis

Moody’s credit ratings agency downgraded five Greek banks on Wednesday, saying the effects of the country’s public debt crisis including painful austerity measures and a long recession will weaken their finances.

Poland’s total credit card debt could rise to z.28 billion in just three years

Last year, the combined credit card debt of all Poles jumped from z.12.7 billion to z.15 billion. According to the outlook published by the Institute for Market Economics (IbnGR), our addiction to plastic is far from over.

Teens can learn to avoid credit-card debt

Boys and Girls Club event on Wednesday and Thursday to educate teens on avoiding credit-card debt.

Ontario’s Record Debt Level May Pressure Spreads: Canada Credit (Bloomberg)

March 26 (Bloomberg) — Record debt levels in Ontario may translate into higher borrowing costs for Canada’s largest province relative to other regional governments.

Be wary of new debt at tax time (Richmond Times-Dispatch)

Be wary of new debt at tax time If you’re thinking about borrowing money against an anticipated tax refund, think again. Or if you owe the Internal Revenue Service and figure you may as well rack up some re wards points by putting that amount on your credit card, think twice. Both these actions might sound appealing. But actually they’re a bad idea, experts say.

RBS Default Swaps Rise on Speculation of Debt Restructuring (Bloomberg)

March 25 (Bloomberg) — Credit-default swaps linked to Royal Bank of Scotland Group Plc rose amid speculation the U.K. state-controlled lender plans to restructure as much as 15 billion pounds ($22 billion) of subordinated debt.

Ontario May Sell C$20 Billion in Foreign Debt: Canada Credit (Bloomberg)

March 25 (Bloomberg) — Ontario, Canada’s most-populous province, may sell as much as C$20 billion ($19.5 billion) of debt denominated in foreign currencies such as U.S. dollars, euros and Swiss francs in the fiscal year starting next month to satisfy its annual borrowing needs.

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