Fed designates CIT Group as bank holding company

The Federal Reserve on Monday said it has approved CIT Group Inc. as a bank holding company, clearing a key hurdle for the firm

S&P downgrades Chrysler further into junk status

Standard & Poor's Ratings Services on Monday cut its corporate credit rating on Chrysler LLC by four notches

Co-op Services Credit Union Joins Invest in America Campaign

In response to tightening credit nationwide and the severe economic impact on the U.S. auto industry, Co-op Services Credit Union

Muzak seeks credit extension, refinance

Muzak Holdings has hired financial adviser Moelis & Co. and law firm Kirkland & Ellis to initiate talks on refinancing its debt

Banking on another bad year in '09

Rising loan losses, the threat of more regulation and tougher competition adds up to another year of poor profits for banks.

Allied International Credit Attains ISO 9001:2000 Certification

Allied International Credit (US) Corp. (AIC) today announced that Intertek Testing Services NA Ltd., an official accreditation body for ISO 9001 standards

S&P cuts CIT Group's counterparty credit rating

Credit rating agency Standard & Poor's on Friday said it cut ratings of commercial financial services company CIT Group Inc.

Movers: GE, Intel, GM, FedEx, Nike, Take-Two Interactive

General Electric (GE) falls 1.23 to 16.16 after S&P's Ratings Services revises outlook on GE and units, including General Electric Capital Corp.,

Johnson's 285 rushing yards lift Colo. State to N.M. Bowl win

Colorado State's Gartrell Johnson was reluctant to talk about his career-high 285 rushing yards, so teammate Tommie Hill took over for him.

The electronic dollar?

Will that be cash or charge? Debit or credit? Bill Me Later, Billeo or PayPal?

PEOPLE IN BUSINESS: Laser Esthetics...Greenberg Realty...Altru...AE2S

Chrissy Kennedy has opened Laser Esthetics of North Dakota Inc. after moving here from Colorado.

Gwinnett will maintain current trash services

Gwinnett County officials said Friday the county’s existing garbage pickup system will continue to operate after a judge blocked the start

Keller Rohrback L.L.P. Announces Investigation of Credit Rating Agencies: Moody's, Standard & Poor's

Attorney Advertising. Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it is investigating Moody's Investor Services, Standard & Poor's

Bridge Bank Establishes the Bridge Bank Chair at San Jose State University

Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, today announced that it has established a term academic chair at the Center for Banking

Last Baby of the Year Delivers Valuable Tax Breaks

It may be the first baby of the year who grabs the media headlines but it's the last baby of the year who yields the tax savings.

Discover, Capital One Shut Dormant Accounts, Cut Risk (Update2)

Discover Financial Services Inc. and Capital One Financial Corp. are closing accounts of customers who haven’t used their cards for lengthy periods

Ft. Washington Woman Pleads Guilty in Mortgage Fraud Scheme

Jennifer McCall, age 47, of Ft. Washington, Maryland, a chief executive officer of Metropolitan Money Store and owner of JC and JC Investments LLC

S&P warns General Electric may lose AAA credit rating

General Electric Co. has long prized its AAA credit rating. Today, Standard & Poor’s warned that GE might not hang on to that top grade.

Bombardier Announces Signing of Two Syndicated Letter of Credit Facilities

Bombardier (CA:BBD.A: news , chart , profile ) (CA:BBD.B: news , chart , profile ) announces today that Bombardier Transportation

Thrift Regulator Bans ‘Unfair’ Credit-Card Practices (Update1)

Regulators moved to help consumers with credit cards by barring “unfair or deceptive” practices, including fees and interest-rate increases

Credit Research News Archive