Search

Credit News

Men walk past a Citibank sign outside its Tokyo branch November 5, 2007. REUTERS/Toru Hanai

Citigroup aims to shed $400 billion of assets

Reuters - 1 hour 57 minutes ago

NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets. More »

  • View of Heathrow airport in London November 22, 2007. REUTERS/Luke MacGregor

    Update on Ferrovial's BAA refinancing knocks shares

    Reuters - Friday, May 9 05:40 pm

    MADRID (Reuters) - Ferrovial's UK airports arm said it may not be able to start talks with bondholders about a massive refinancing as soon as planned, knocking the Spanish firm's shares on Friday. More »

  • AIG sees no rebound yet for subprime securities

    Reuters - Friday, May 9 05:21 pm

    NEW YORK (Reuters) - American International Group on Friday told investors that the structured credit market for residential mortgage securities, including subprime, does not appear to have rebounded. More »

  • Legal aid to ease repossession fear

    Press Assoc. - Friday, May 9 03:31 am

    Families facing having their house repossessed because of the credit crunch will get free legal help to avoid losing their homes, the Government has announced. More »

  • A man walks through the front hall of the Bank of England in London March 25, 2008. REUTERS/Luke MacGregor

    Bank leaves rates at 5 percent

    Reuters - Thursday, May 8 01:30 pm

    LONDON (Reuters) - The Bank of England kept interest rates at 5.0 percent on Thursday but analysts say a slowing economy will force it to cut borrowing costs next month, even though inflation is heading higher. More »

  • Shares jump as Next eyes better quarter

    Reuters - Thursday, May 8 09:37 am

    LONDON (Reuters) - Shares in clothing retailer Next jumped by more than 5 percent on Thursday as investors looked past a gloomy first quarter trading update to its hopes for a slightly better second quarter. More »

  • A man walks through the front hall of the Bank of England in London March 25, 2008. REUTERS/Luke MacGregor

    Bank set to hold fire on rates for now

    Reuters - Thursday, May 8 05:35 am

    LONDON (Reuters) - The Bank of England looks set to keep interest rates at 5 percent this week before cutting them next month for a fourth time since December to shore up an economy buffeted by the global credit crunch. More »

  • A man walks through the front hall of the Bank of England in London March 25, 2008. REUTERS/Luke MacGregor

    BoE set to hold fire on rates for now

    Reuters - Thursday, May 8 12:28 am

    LONDON (Reuters) - The Bank of England looks set to keep interest rates at 5 percent this week before cutting them next month for a fourth time since December to shore up an economy buffeted by the global credit crunch. More »

  • The logo of Barclays bank is seen outside a branch in central London March 3, 2008. REUTERS/Alessia Pierdomenico

    Barclays cuts 1,000 jobs at Goldfish unit

    Reuters - Wednesday, May 7 05:02 pm

    LONDON (Reuters) - Barclays is set to cut almost 1,000 jobs at its newly acquired Goldfish credit card unit as it closes a call centre and London headquarters to integrate the business with its Barclaycard operations. More »

Archive

Copyright © 2008 Yahoo! All rights reserved.