Credit card and car loan delinquencies pass pre-Covid levels as consumers get squeezed
More Americans are failing to make payments on their credit cards and auto loans, another sign of rising financial pressure on consumers.
2023-08-10 23:20
Americans' credit card debt hits a record $1 trillion
Americans' credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they've surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
2023-08-08 23:30
Moody's warns it could cut credit ratings of 6 big US banks
Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.
2023-08-08 19:53
Judge puts US, New York predatory lending lawsuit against Credit Acceptance on hold
By Jonathan Stempel NEW YORK A federal judge on Monday put on hold a predatory lending lawsuit against
2023-08-08 06:50
Exclusive-Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week -sources
By Selena Li HONG KONG (Reuters) -Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid
2023-08-07 13:52
Former Treasury secretaries react to US credit downgrade
The US economy is resilient, but policymakers need to take the long view on the country's fiscal challenges, three former Treasury secretaries told CNN's Fareed Zakaria.
2023-08-06 22:55
Amazon set to launch credit card in Brazil with Bradesco
SAO PAULO Amazon.com will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco
2023-08-05 04:19
Biden is putting his name on economic progress, but will voters just drive right by?
For Biden, taking credit for an improving economy — including the jobs and growth made possible by the trillion-dollar public works law — has become a political imperative, one that will help determine whether he is reelected to a second term.
2023-08-05 00:21
Janet Yellen: Credit downgrade 'puzzling' and unwarranted'
Janet Yellen defends the US, as stock markets fall after credit downgrade.
2023-08-03 03:23
'The numbers speak for themselves.' Fitch defends US debt downgrade
Fitch Ratings is defending its controversial decision to downgrade the US credit rating by pointing to the nation's mountain of debt.
2023-08-03 00:47
Factbox-Credit rating: The shrinking 'triple A' club
Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating by a notch to 'AA+' sending
2023-08-02 17:30
US banks report tighter credit, weaker loan demand -Fed survey
By Ann Saphir (Reuters) -U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during
2023-08-01 03:26