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- The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards -- so they're trying to cut their losses by cutting off customers. Big-name credit card ...
www.freep.com
- Lending rates to come down, says IBA chief Chennai, Nov. 2 The “conducive factors”obtaining today in the banking industry are likely to cause an immediate fall in lending rates by 50 basis points (half per cent), says Mr T.S. Narayanasami, Chairman, Indian ...
www.thehindubusinessline.com
- The mortgage market became very competitive this year as banks looked to broaden their customer bases.
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- Billions of federal bailout dollars are flooding the financial system, credit markets are loosening and many banks say they are ready to lend. But a crucial piece needed to solve the credit crisis is still missing: borrowers. With the economy slowing, banks are seeing a big decline in the number of people seeking loans because nervous consumers and small businesses are scaling back their ...
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