Latest news about Auto Credit
Barclays Beats Profit Estimates, Increases Credit Writedowns (Bloomberg.com)
Aug. 7 (Bloomberg) -- Barclays Plc , the U.K.'s third- biggest bank, reported profit that fell less than analysts estimated, even after increasing writedowns of bad debts.
7 Aug 2008, 5:25 am | click here for more
Credit crunch cripples European insurers' profits (Reuters via Yahoo! UK & Ireland News)
The global credit crisis tore a hole in the profits of some of Europe's top insurers on Thursday, with AXA and Aegon both posting sharply lower earnings.
7 Aug 2008, 4:45 am | click here for more
Acom, Aiful Profit Rises as Bad-Debts Fall at Consumer Lenders (Bloomberg.com)
Aug. 7 (Bloomberg) -- Acom Co. , Japan's largest consumer lender by market value, boosted first-quarter profit 51 percent while Aiful Corp. more than doubled earnings as bad-debt costs fell.
7 Aug 2008, 4:07 am | click here for more
Barclays profits plunge on huge credit-related losses (AFP via Yahoo! News)
Barclays said on Thursday that net profit slumped 35 percent in the first half, hit by write-downs of 2.1 billion dollars (1.4 billion euros) for the US subprime housing and credit crises.
7 Aug 2008, 3:48 am | click here for more
Barclays profits plunge on huge credit-related losses (AFP via Yahoo! UK & Ireland News)
British bank Barclays said on Thursday that net profit slumped 35 percent in the first half, hit by write-downs of 2.1 billion dollars (1.4 billion euros) for the US subprime housing and credit crises.
7 Aug 2008, 3:48 am | click here for more
Credit crunch cripples European insurers' profits (Reuters via Yahoo! UK & Ireland News)
The global credit crisis tore a hole in the profits of some of Europe's top insurers on Thursday, with AXA and Aegon both posting lower earnings.
7 Aug 2008, 3:18 am | click here for more
Insurer AIG posts large loss on bad mortgage bets (Reuters via Yahoo! News)
American International Group Inc posted its third consecutive quarterly net loss of more than $5 billion on Wednesday as it wrote down bad mortgage-related investments, sending its shares down almost 8 percent.
6 Aug 2008, 7:41 pm | click here for more
Insurer AIG posts 2nd-quarter loss on mortgage, credit write-downs (USA Today)
American International Group, the world's largest insurer, posted its third consecutive quarterly net loss, hurt again by the write-down of derivatives linked to bad mortgage investments.
6 Aug 2008, 6:49 pm | click here for more
Defaults Set to Rise in Europe a Year After Credit Crunch Began (Bloomberg.com)
Aug. 7 (Bloomberg) -- A year after losses on U.S. subprime mortgages caused a seizure in credit markets worldwide, European companies are starting to default.
6 Aug 2008, 6:39 pm | click here for more
Increase expected in credit card debt (Financial Times)
Credit card borrowers are showing growing signs of financial strain owing to the economic slowdown, a prominent ratings agency warned on Wednesday. Moody’s , which monitors the performance of £28.5bn ($56.2bn) credit card loans that have been securitised into the capital markets, expects an increase in bad debts in the coming months because of the economic downturn.
5 Aug 2008, 8:06 pm | click here for more