New credit threat to banks - The Australian
Posted in Credit Card Debt, Loan Modifications by admin on March 2nd, 2009
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BAD debts and the global downturn are threatening the credit ratings of Australias Big Four banks, while new figures show business profitability is suffering its biggest fall in almost two decades. As Wayne Swan warned that the severe economic …
UPDATE 1-Sports Chalet amends credit agreement with BofA - Reuters
March 2 (Reuters) - Sporting-goods retailer Sport Chalet Inc ( SPCHB.O ) said it amended its credit facility with Bank of America Corp ( BAC.N ), reducing the borrowing amount and increasing the interest rate under the agreement . The company also …
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