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Credit Scores 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 ...
TD Bank to report $350 million in fourth-quarter credit losses (The Canadian Press via Yahoo! Canada News)
TORONTO - TD Bank (TSX:TD) says it will book $350 million in credit trading losses in its fourth quarter, the latest of Canada's big banks to report exposure to troubled financial markets.
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 (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...
