Archive for April, 2009
Obama pledges protections for credit-card users (AP via Yahoo! News)
By admin on April 24th, 2009
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President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate increases and late fees that give millions of consumers headaches.
Credit Suisse up, Mizuho down (CNN)
By admin on April 24th, 2009
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Zurich-based Credit Suisse Group announced first-quarter profits of $1.7 billion. The company lost $1.8 billion the same quarter later year.
Obama Demands Clarity and Transparency on Credit (Bloomberg via Yahoo! News)
April 23 (Bloomberg) — President Barack Obama says credit- card issuers should be prohibited from imposing unfair rate increases on consumers and should offer the public easier to understand terms for credit.
Swiss bank Credit Suisse back into profit in Q1 (AFP via Yahoo! News)
By admin on April 23rd, 2009
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Swiss banking giant Credit Suisse said it swung back into profit after two successive quarters of massive losses, with net profit of 2.0 billion francs for the first quarter.
Best debt consolidation
What is the best debt consolidation? Often times you will find that the best debt consolidation is going to be through your local credit union or bank, where you have been establishing a relationship for a couple of years. Most often a bank that you have held an account with for more than three years is going to be willing to offer you the best debt consolidation loan because they feel more confident that they will get the money back based on the record they have seen with you. You will also find in your search of the best debt consolidation that banks are the best for debt consolidation loans over the mailers, internet, or telephone book. The bank has an interest in you personally. They know financially where you stand, how much income already comes into your bank account. In this case they will already be able to establish your risk a little easier than going to a different bank or trying to find a deal outside of a bank. You will also find that the bank is usually more willing to lend you a debt consolidation loan if you have loans through them already. For instance if your mortgage is through them, changes are the bank will see how a debt consolidation loan can be more helpful. When searching for the best debt consolidation loan you will find that mailers and the internet often lead to scams or at the very least worse loans. The debt consolidation companies in the mailers or on the internet are often an intermediary between you, your debts, and the lender of the debt consolidation loan. They are in business to make a percentage off the interest or to buyout the debts you have and hold them. In either case you will find that their rates are usually higher than the banks. While you don’t have to go with your bank specifically for the best debt consolidation loan it usually proves to be more beneficial as they know you. In some cases this can work against you if you have had a lot of late fees or overdraft fees connected with the account. Basically any lender is going to look for a clean credit history. In some cases with debt consolidation you are trying to rebuild credit, which means the best debt consolidation for you is going to be a program that is willing to help you out with the least amount of interest.
Panasonic’s latest pro AVCHD camcorder (source: Cnet)
By admin on April 21st, 2009
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(Credit: Panasonic)
Adding to its SD-card-based AVCCAM series–not to be confused with its P2-card-based and seriously more expensive P2HD series, which includes the AG-HVX200A–the AG-HMC40 joins the AG-HMC150 and its shoulder-mount cousin, the HMC70 in … (source: Cnet) - RSS and News widget on Feedzilla.com
Greenestreet gets financing (source: Variety)
Exclusives: Indie scores 4-year deal — Despite the tough economic climate, especially in the indie sector, GreeneStreet Films has landed a four-year revolving credit facility with CIT Group. (source: Variety) - RSS news feeds and Widgets on Feedzilla.com
Credit-Swaps Dealers Take Beating as Auctions Produce Losses (Bloomberg)
By admin on April 18th, 2009
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April 17 (Bloomberg) — Credit-default swaps traders set an initial value of 3.75 cents on the dollar for bonds of an AbitibiBowater Inc. unit to settle derivatives linked to the newsprint maker thats now in bankruptcy protection.
Bernanke says credit downturn to do lasting harm (Reuters via Yahoo! News)
Federal Reserve Chairman Ben Bernanke said on Friday that the U.S. recession had done lasting harm to household finances and that regulators must protect consumers from willfully confusing forms of credit.
Bernanke: Use rules to banish over-complex credit (Reuters via Yahoo! News)
Federal Reserve Chairman Ben Bernanke said on Friday that innovation in credit markets must not be stifled, but complexity designed to confuse customers and drive up lending fees would not be tolerated.