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47 minutes ago NEW YORK (Reuters) - Two former Credit Suisse AG (CSGN.VX) brokers have been indicted on fraud and conspiracy charges in connection with the sale of auction-rate securities, federal prosecutors said on Wednesday.
The U.S. Attorney's offi..
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By Saeed Azhar and Kevin Lim 51 minutes ago SINGAPORE (Reuters) - Singapore wealth fund Temasek warned of further contagion from the global credit crisis after it doubled its full-year profit by selling billions of dollars of assets.
The fund, which po..
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By Kristina Cooke 1 hour, 25 minutes ago NEW YORK (Reuters) - Stocks index futures edged lower on Monday after Friday's sharp gains as the price of oil rebounded and credit concerns nagged.
Lehman Brothers (LEH.N) shares fell about 10 percent in Europe..
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By Kristina Cooke Fri Aug 22, 5:12 PM ET NEW YORK (Reuters) - What should be a holiday lull of a week looks set to be anything but, with Wall Street on high alert for the latest twists and turns in the credit crisis, more volatility in commodity prices..
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By Alister Bull 48 minutes ago JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit c..
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2 hours, 57 minutes ago NEW YORK (Reuters) - Capital One Financial Corp (COF.N), one of the largest issuers of MasterCard and Visa credit cards, said on Friday more borrowers are falling behind on their auto loans, while credit metrics in its U.S. credi..
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By Ellis Mnyandu 43 minutes ago NEW YORK (Reuters) - Stock index futures were little changed on Tuesday as worries about the impact of the credit crisis on the financial sector tempered optimism sparked by a further drop in oil prices.
News that JPMorg..
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12 minutes ago (Reuters) - Investment bank JPMorgan Chase & Co has incurred losses of about $1.5 billion since the start of July, hurt by turmoil in the credit and mortgage markets and by wider credit spreads and lower levels of liquidity, the company s..
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19 minutes ago NEW YORK (Reuters) - American International Group Inc AIG.N>, the world's largest insurer, may have to raise more capital to bolster its balance sheet if its credit ratings are cut again, Goldman Sachs analyst Tom Cholnoky said in a note..
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Mon Aug 11, 1:48 AM ET (Reuters) - Five of North America's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors, the Wall Str..
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Mon Aug 11, 5:31 AM ET (Reuters) - Fannie Mae's (FNM.N) credit losses will exceed the company's expectations, continuing to put pressure on its capital levels and earnings, an analyst at Friedman Billings Ramsey said.
The largest U.S. home-funding comp..
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2 hours, 10 minutes ago WASHINGTON (Reuters) - U.S. consumer credit expanded at the fastest rate in seven months in June as Americans turned to credit cards and consumer loans to maintain spending in the face of rising food and energy costs, a governmen..
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Wed Aug 6, 1:24 AM ET (Reuters) - Morgan Stanley (MS.N) told thousands of clients this week that they will not be allowed to withdraw money on their home-equity credit lines, Bloomberg News reported Wednesday, citing a person familiar with the situation..
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By Emi Emoto Mon Aug 4, 8:28 PM ET TOKYO (Reuters) - Orix Corp (8591.T), Japan's largest leasing company, and consumer credit firm Credit Saison (8253.T) are in merger talks, financial sources close to the matter said on Tuesday, seeking a deal to form..
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Sun Aug 3, 9:24 PM ET NEW YORK (Reuters) - Chrysler LLC's finance arm said on Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.
Chrysl..
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By John Parry 16 minutes ago NEW YORK (Reuters) - Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signalin..
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By Jonathan Stempel 1 hour, 35 minutes ago NEW YORK (Reuters) - Americans in all age and income groups have reduced credit card use and cut spending on non-essential items as oil and food prices soar, home prices sink and lenders tighten credit, a new s..
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By Glenn Somerville 1 hour, 29 minutes ago WASHINGTON (Reuters) - The U.S., European and Swiss central banks on Wednesday extended liquidity offerings to stressed banks and securities firms to ease credit strains that have weighed on the global economy..
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30 minutes ago NEW YORK (Reuters) - Merrill Lynch (MER.N) shares dropped nearly 10 percent on Monday, leading the entire sector lower as investors fretted over credit quality and the housing sector.
The sell-off came after a rally last week that lifted..
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1 hour, 6 minutes ago NEW YORK (Reuters) - American Express Co, (AXP.N) a credit card issuer and processing network, said on Monday its quarterly profit fell 38 percent as it set aside more money to cover credit losses.
The company said it was no longe..
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