Consumer Credit and Debt
Hackers post 'private data' of Michelle Obama, FBI head
Mar 12, 2013 19:53 EDT
US authorities were investigating Tuesday after hackers posted personal financial data belonging to First Lady Michelle Obama, the head of the FBI and several A-list celebrities online.
Payday loan companies told to clean up their act
Mar 06, 2013 06:45 EST
Fifty payday lenders in Britain have been given three months to change their ways or risk losing their licence after an investigation uncovered "widespread irresponsible lending".
S&P says Australia's AAA rating safe
Feb 26, 2013 22:36 EST
Australia's top triple-A rating appears secure despite high household debt and banks' high reliance on foreign funding, Standard & Poor's said Wednesday.
South Korean households mired in debt
Feb 05, 2013 23:45 EST
Lee Sang-Kuk delivers meat during the day and drives drunk businessmen home at night, but even with two jobs he and millions of other South Koreans are struggling against a tide of household debt.
Moody's downgrades six big Canadian banks
Jan 28, 2013 17:10 EST
Moody's on Monday downgraded the long-term credit ratings of six large Canadian banks, citing concerns over record high Canadian consumer debt and soaring home prices.
Data brighten prospects for German, eurozone recovery
Jan 25, 2013 10:21 EST
The eurozone may finally be emerging from its crisis, data showed Friday, with banks rushing to repay emergency funding and confidence in Germany on a seemingly unstoppable upwards trajectory.
ECB says banks to repay 137 bn euros in loans
Jan 25, 2013 07:20 EST
The European Central Bank said Friday that 278 eurozone banks will repay early 137.16 billion euros ($184.5 billion) of ultra-cheap three-year loans made available to them a year ago in emergency liquidity measures.
'Don't mess with Mary Jo': Obama on SEC pick
Jan 24, 2013 15:40 EST
President Barack Obama Thursday named high powered New York prosecutor and organized crime buster Mary Jo White to lead the Securities and Exchange Commission to implement his Wall Street reforms.
US charges two former UBS traders
Dec 19, 2012 12:11 EST
The United States has charged two former UBS traders linked to the LIBOR manipulation scandal, officials said Wednesday.
Dublin unveils sixth austerity budget
Dec 05, 2012 15:01 EST
Bailed-out eurozone member Ireland on Wednesday launched its sixth austerity budget aimed at raising 3.5 billion euros via painful taxation hikes and public spending cuts.
'Payday loan' rates to be limited
Nov 28, 2012 22:08 EST
The law is to be changed in order to limit the interest rates charged for "payday loans", the BBC reported.
Ally to sell remaining foreign operations to GM
Nov 21, 2012 18:14 EST
Ally Financial on Wednesday announced a deal to sell its operations in Europe and Latin America, as well as its share of a joint venture in China, to speed up repayment of a Treasury bailout.
Britain could lose £66 bn on bank bailouts: lawmakers
Nov 16, 2012 05:26 EST
Britain could lose the £66 billion ($105 billion, 82 billion euros) it spent on rescuing Royal Bank of Scotland and Lloyds Banking Group and made key errors over failed lender Northern Rock, lawmakers said on Friday.
Britain could lose £66 bn on bank bailouts: lawmakers
Nov 15, 2012 19:18 EST
Britain could lose the £66 billion ($105 billion, 82 billion euros) it spent on rescuing Royal Bank of Scotland and Lloyds Banking Group and made key errors over failed lender Northern Rock, lawmakers said on Friday.
Joblessness, housing still worry Fed: Bernanke
Nov 15, 2012 14:08 EST
Federal Reserve Chairman Ben Bernanke said Thursday that the Fed remains "quite concerned" about unemployment and that the US housing market remains a "critical challenge" for the country.
UK retail sales fell 0.8% in October
Nov 15, 2012 08:20 EST
British retail sales fell by a worse-than-expected 0.8 percent in October compared with the level in September, as cash-strapped consumers cut back on spending, the Office for National Statistics said Thursday.
S&P boosts Nigeria's credit rating following reforms
Nov 07, 2012 13:50 EST
The ratings agency Standard & Poor's boosted Nigeria's credit score on Wednesday, citing savings from a costly fuel subsidy scheme and improved spending forecasts in sub-Saharan Africa's second-biggest economy.
Nigeria makes credit ratings debut, besting Greece
Nov 07, 2012 10:57 EST
Nigeria, Kenya and Zambia, three of Africa's most dynamic economies, received their first sovereign ratings from the Moody's agency on Wednesday, handily beating Greece in the creditworthiness stakes.
Standard & Poor's cuts Cyprus credit rating
Oct 17, 2012 15:14 EDT
Ratings agency Standard and Poor's on Wednesday slashed the credit rating of Cyprus by three notches to "B", just two months after a previous downgrade.
Nordic banks a safe haven even as household debt soars
Oct 14, 2012 17:44 EDT
Swedish and Norwegian banks say they have seen an influx of foreign investors looking for a safe haven from the turmoil of the troubled eurozone.
