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Credit Reports In the News:
Banks back mandatory CDS clearing: report (Reuters via Yahoo! News)
Some of the world's top banks are backing a proposal to develop a mandatory central clearing system for the $55 trillion credit default swap (CDS) market, a report in the Financial Times said on Thursday. Dealer banks are stepping up efforts to back CDS clearing to head off a more radical overhaul, which includes a proposal to move trading of over-the-counter CDS on to an exchange, the report ...
Card Breaches Shake Faith in E-payments (PC World)
In the past three months, all three of my payments cards -- one credit card and two debit cards -- have been compromised.
Credit institutions requested to report on real estate loans (Nhân Dân)
Nhan Dan - Credit organisations have been requested to give full report on their loans to incomplete real estate projects by October 31, 2008 and loans to real estate sector in October 2008, according to a recently-issued document by the State Bank of Vietnam.
Credit Card Companies Accomplices in Millions of Identity Theft Cases Alleges Eric Drew (PR Newswire via Yahoo! Finance)
Every year millions of Americans are the victims of identity theft, and in a lawsuit filed against major credit card companies, identity theft victim Eric Drew claims that the credit industry is facilitating the crimes.
CreditCards.com: Weekly Credit Card Rate Report (Business Wire via Yahoo! Finance)
AUSTIN, Texas----Annual percentage rates for new credit card offers rose this week, according to the CreditCards.com Weekly Credit Card Rate Report. However, that move was due to a change in the composition of cards offered rather than any APR increases by banks.
TD Bank to report credit trading hit (Boston Globe)
Toronto-Dominion Bank , the parent company of Maine-based TD Banknorth, says it will report $272 million in after-tax credit trading losses in its fourth quarter.
TD Bank to report credit trading hit (KIVI Boise)
Associated Press - November 20, 2008 11:03 AM ET TORONTO (AP) - Toronto-Dominion Bank says it will report $350 million Canadian dollars ($272 million) in after-tax credit trading losses in its...
Economy falters before budget report next week (AFP via Yahoo! News)
The economy, battered by the global credit crunch and facing a recession, suffered more bad news on Thursday before a key budget report due next week from the country's government.
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