ICICI signs $200 mn credit line (Business Standard India)
The Fed recommend that the preventative steps consumers need to take with payment methods to battle fraud should take into account both the sources of fraud and "the ease of resolution based on the payment type."
ICICI signs $200 mn credit line (Business Standard India)
ICICI Bank, the largest private sector bank in the country, has signed a $200 million line of credit with Korean Eximbank to support Korean companies operating globally. ICICI Bank’s Hong Kong branch will avail this credit facility.
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Credit woes sink stocks (CNN Money)
Stocks slipped Monday afternoon, with banking and energy issues leading the way as early hopes that the Federal Reserve will cut interest rates next month were overshadowed by ongoing worries about the credit and mortgage markets.
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Stocks slide as credit woes resume (CNN Money)
Stocks fell Monday afternoon, led by bank and energy stocks, after a choppy morning in which bets that the Federal Reserve will cut interest rates next month vied with continued uncertainty about the credit and mortgage markets.
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Dodd denies 'political pressure' on rates (FT.com via Yahoo! News)
Christopher Dodd, the chairman of the Senate banking committee, was on Tuesday at pains to emphasise that he was not applying "political pressure" on the US Federal Reserve to cut interest rates.
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Interest rate raised to curb inflation (People's Daily)
The central bank raised interest rates yesterday for the fourth time this year to control money supply and rising prices. Effective today, the interest rate on bank deposits is raised by 27 basis points, and the lending rate by 18 basis ...
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Eliminate Credit Card Debt (The Bradford Era)
(ARA) - You've heard the old adage, pay down your credit card debt each month to avoid the nasty interest rate charges and fees that result from revolving balances.
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Liquid Turkish markets susceptible to new volatility (Reuters via Yahoo! UK & Ireland News)
Turkey, one of the biggest losers in last week's market rout triggered by U.S. credit concerns, may suffer further losses and its high interest rates may aggravate domestic financial volatility.
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Home Improvement Loans At Zero Interest (KOLD News 13 Tuscon)
Multi billion dollar companies can't get a credit line.
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Lenders want higher credit standards (The Morning Call)
| The mortgage credit crunch not only is affecting interest rates that homebuyers are quoted, but is triggering changes in less visible areas such as minimum credit scores, geographic location and type of properties, even controls on who orders credit reports.
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More than 8 million Britons will be deemed credit risks by 2011 (Independent)
After the credit crunch - the consumer crunch. Our live-now-pay-later habits are leaving us increasingly unable to service onerous financial commitments, according to the independent research group Datamonitor. Its research suggests that those "systematically denied credit by mainstream lenders" will increase from seven million to 8.6 million by 2011, one in four of the working population.
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ICICI signs $200 mn credit line (Business Standard India)
Younger consumers can be added to an adult's credit card account as an authorized user. For an existing credit card account, the adult will need to contact the issuer and request to have an authorized user added. Alternately, young consumers may be able to get someone older to co-sign a credit card application for them.
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