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Posted: July 15th, 2008, 5:32pm CDT
Inflation is not necessarily a bad word. So it seems for the micro-credit industry if its growth trajectory and first quarter credit offtake are benchmarks
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Posted: July 15th, 2008, 3:58pm CDT
Times are good to cash in on the misery of others. As Americans acquire bigger and bigger mortgages and credit card bills, more and more of their debt is going bad.
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Posted: July 15th, 2008, 8:22am CDT
U.S. Bancorp said on Tuesday mounting credit losses led to a larger-than-expected 18 percent decline in quarterly profit, and that tough economic conditions will cause bad loans to increase further.
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Posted: July 15th, 2008, 8:03am CDT
July 15 (Bloomberg) -- U.S. Bancorp , the sixth-largest U.S. bank, said second-quarter earnings slumped 18 percent on rising bad loans. The shares fell 9 percent in early New York trading.