Stocks Retreat Amid Bad Debt Worries (Washington Post)
NEW YORK -- Stocks pulled back sharply Monday as news that major U.S. banks will set up a fund to help bail out the credit markets stirred concerns about bad debt and as oil prices surged to $86 per barrel for the first time. The Dow Jones industrial average lost more than 100 points.
Useful Tips For Personal Loans (Fool.co.uk via Yahoo! UK & Ireland Finance)
Jane Baker writes about how to get the best deal on personal loans.
U.K banks lift lending rates (Calcutta News)
With the credit crunch and rising bad debts taking their toll,U.K lenders have increased personal loan rates.
Wall Street falls after Bernanke comments add to housing, credit worries (The Globe Gazette)
NEW YORK (AP) — Wall Street sank for a second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the slumping housing market remains a “significant drag” on the economy.
Poor fall prey to ‘loan sharks’ (Khaleej Times)
THE money-lending business in India has traditionally been dominated by tough people, those who not only provide loans, but also ensure its recovery (including interest at what many would describe as usurious rates).
Bank earnings falter in 3Q (Baltimore Sun)
Even largest affected by home loan slump Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.
Wells Fargo 3Q earnings rise 4 percent (AP via Yahoo! News)
Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.
Venezuelan Banks' 3-Month Profits Up 21% On Year (The Forex Market)
CARACAS (Dow Jones)--Venezuelan banking sector profits kept climbing in the last three months, pushed by a nationwide consumer-credit and consumption bonanza.
Mortgage setbacks slow Citigroup profit to $2.4 bln (AFP via Yahoo! Malaysia News)
Mortgage woes and big loan write-downs took a dramatic toll on Citigroup's third quarter profits, but America's largest banking group on Monday still reported a net profit of 2.4 billion dollars.
Mortgage setbacks slow Citigroup profit to US$2.4b (Channel NewsAsia)
NEW YORK : Mortgage woes and big loan write-downs took a dramatic toll on Citigroup's third quarter profits, but America's largest banking group on Monday still reported a net profit of US$2.4 billion.