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- MOSCOW, October 23 (Itar-Tass) - The Central Bank of Russia will hold an auction on extending unsecured loans to credit organizations at the Moscow Interbank Currency Exchange (MICEX) on Thursday, the Prime-Tass business news agency said with ...
- The legion of small investors stuck in City Pacific's mortgage fund should reject the swap proposal put by management, call in an administrator, put the thing under as quickly as possible and distribute whatever is left over. To allow this ...
- MOSCOW, October 22 (RIA Novosti) - The Central Bank of Russia will auction 400 billion rubles ($15 billion) in unsecured loans on Thursday, the bank's press service said on Wednesday. The minimum lending rate will be 8.5%. The auction will be held on ...
- Move over financial crisis, there's a new threat: corporate profits. Stock markets around the world were hammered on Wednesday morning as investors continued to focus on companies reporting dismal financial results and cautious forecasts. U.S. stock ...
- The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions. The initiative announced Tuesday is the third government effort to aid the funds, which usually provide a key ...
- Oct. 21 (Bloomberg) -- Bank of America Corp. , the largest U.S. consumer bank, lost money in its credit-card unit for the first time since its January 2006 purchase of MBNA Corp. as more borrowers missed payments amid the slowing economy. Card ...
- SemGroup LP and its subsidiaries hold assets worth about $7.7 billion but the bankrupt Tulsa energy company has a total of $9.5 billion in liabilities, according to a massive list of property, inventory and debts filed Monday in Delaware federal ...
- LONDON — Banks that provided an unsecured $350m, one-year syndicated loan for Russian state diamond miner Alrosa had successfully invoked a market disruption clause in response to credit market turmoil, a banking source close to the deal said ...
- NEW YORK - As bank-to-bank lending rates gradually slide lower, the credit climate is looking a bit brighter, at least for stronger companies. The fear of a complete shutdown in lending is fading, but there remains a sense that when it comes to ...
- American Express Co. said Monday its profit fell 24 percent in the third quarter as cardholders restrained their spending and had more trouble paying off debt. But the results were better than anticipated and propelled Amex's shares more than 8 ...
- MOSCOW, October 20 (RIA Novosti) - More than 80 Russian banks received loans worth 383 billion rubles ($14.7 billion) on Monday in the first liquidity auction not to require any security from banks, First Deputy Prime Minister Igor Shuvalov said. The ...
- NEW YORK (AP) _ American Express Co. said Monday its profit fell 24 percent in the third quarter as cardholders restrained their spending and had more trouble paying off debt. But the results were better than anticipated and propelled Amex's shares ...
- MOSCOW: Russia's central bank will place a financial rescue package of up to $26.6 billion in unsecured loans on Monday to bail out banks from the on going liquidity crisis. Only banks rated by the international agencies Fitch Ratings, Standard ...
- Russia's central bank will place a financial rescue package of up to $26.6 billion in unsecured loans on Monday to bail out banks from the ongoing liquidity crisis. Only banks rated by the international agencies Fitch Ratings, Standard & Poor's and ...
- Bank-to-bank lending rates eased further Friday and demand for Treasury bills let up slightly, but there are still signs the companies that need credit most might not be able to get it. Corporate bonds are being issued at the weakest pace in a decade ...
- MOSCOW, October 17 (RIA Novosti) - Russia's Central Bank will hold on Monday the first auction to offer banks up to $26.6 billion in unsecured loans at 8.5% interest rate, the bank said in a statement on Friday. One bank will be able to submit up to ...
- NEW YORK — Bank-to-bank lending rates eased further today and demand for Treasury bills let up slightly, but there are still signs the companies that need credit most might not be able to get it. Corporate bonds are being issued at the weakest pace ...
- NEW YORK : Bank-to-bank lending rates eased further Friday and demand for Treasury bills let up slightly, but there are still signs the companies that need credit most might not be able to get it. Corporate bonds are being issued at the weakest pace ...
- NEW YORK — Citigroup , the second-biggest US bank by assets, yesterday reported a fourth successive quarterly loss after at least $13,2bn of loan losses and securities write-downs. The third-quarter net loss was $2,8b n, or 60c, a share, compared ...
- The Big Party on Wall Street lasted exactly one day—two days, in Asia and Europe—before the euphoria wore off. On Monday, Oct. 15, the Dow rocketed up 936 points, or 11%, the biggest one-day gain since the 1930s. Other major bourses staged even ...
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