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Business Credit Cards - News Articles
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Oct 21, 2008
Conde Nast Portfolio, NY -
Members of Northeast Community Credit Union have approved the merger of the credit union with Haverhill Bank. Mergers between banks and credit unions remain a rare event in Massachusetts. But the merger between Haverhill Bank and Northeast Community is expected to improve efficiency, ... -
Oct 21, 2008
Georgetown University The Hoya, DC -
The recent ups and downs of Wall Street have plagued some of the country’s most respected financial institutions, but Georgetown’s very own credit union seems to have been relatively unscathed thus far. THE HOYA sat down with Dan White (MSB '09), CEO of ... -
Oct 22, 2008
Cherry Hill Courier Post, NJ -
By CANDICE CHOI • AP • October 22, 2008 NEW YORK — As the US banking industry undergoes a historic upheaval, many people are considering credit unions as a new place to park their money. ... -
Wednesday, October 22, 2008
MarketWatch -
CHATTANOOGA, Tenn., Oct 22, 2008 (BUSINESS WIRE) -- The recent turmoil in the national and global financial markets has resulted in chaos and a dramatic change in business realities for many of America's financial institutions. The ... -
Thursday, October 23, 2008
Bloomberg -
By Elena Logutenkova Oct. 23 (Bloomberg) -- Credit Suisse Group AG, Switzerland's second-biggest bank, said 1.7 billion Swiss francs ($1.5 billion) of ... -
Thursday, October 23, 2008
Interactive Investor, UK -
Swiss banking giant Credit Suisse has reported write-downs of 2.4 billion Swiss francs (£1.3 billion) in third-quarter trading. Overall losses for the quarter stood at 1.26 billion Swiss francs, with its investment banking ... -
Thursday, October 23, 2008
Earthtimes (press release), UK -
Zurich - Credit Suisse became the first major European bank to unveil its third-quarter earnings Thursday warning that the banking business faced continuing tough conditions after the big Swiss bank confirmed a 1.26 billion Swiss-franc (1.08 billion dollars) quarterly loss. Unveiling the ... -
Thursday, October 23, 2008
FT Adviser, UK -
Credit Suisse has reported a net loss of CHF 1.26bn (£661m), in the third quarter of 2008. This compares with a net income of CHF 1.30bn (£682) in the ... -
Thursday, October 23, 2008
AHN -
Zurich, Switzerland (AHN) - Credit Suisse Group AG posted loss on writedowns in the third quarter as its investment banking segment was hit hard by the financial crisis in September, the company said early Thursday. "The financial services sector witnessed unprecedented market disruption in ... -
Thursday, October 23, 2008
Hemscott, UK -
Credit Suisse has fared better than its Swiss peer UBS and other rivals in the crisis and has so far declined state help. But its shares fell more than 8 ...
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Thursday, October 23, 2008
Reuters -
ZURICH, Oct 23 (Reuters) - Swiss bank Credit Suisse Group AG (CSGN.VX: Quote, Profile, Research, Stock Buzz) said on Thursday it had cut its exposure to US ... -
Thursday, October 23, 2008
Wall Street Journal -
By KATHARINA BART ZURICH -- Credit Suisse Group Thursday confirmed that it had swung to a third-quarter loss as its investment bank suffered heavily from the market turmoil that marked much of the period. The Zurich-based bank, which raised 10 billion ... -
Thursday, October 23, 2008
AFP -
ZURICH (AFP) — Switzerland's second biggest bank Credit Suisse said Thursday that it was adopting a cautious outlook for the coming quarter, even as it wrote down 2.4 billion Swiss francs in assets in the third quarter. "We expect the ... -
Thursday, October 23, 2008
Reuters -
By Lisa Jucca said on Thursday it had cut its exposure to illiquid US assets at the end of the third quarter, and remained cautious about the rest of the ... -
Thursday, October 23, 2008
BBC News, UK -
Credit Suisse has said it wrote down 2.4bn Swiss francs ($2.1bn; £1.3bn) of assets in the third quarter of 2008. The Swiss banking giant said its outlook for the fourth quarter was cautious and the market environment remained challenging. The bank has written down billions ... -
Thursday, October 23, 2008
TheStreet.com -
Credit Suisse (CS Quote - Cramer on CS - Stock Picks) reported a third-quarter loss of 1.26 billion Swiss francs, confirming statements made last week, from year-earlier net income of 1.3 billion francs. ... -
Thursday, October 23, 2008
Bloomberg -
By Elena Logutenkova Oct. 23 (Bloomberg) -- Credit Suisse Group AG reported its second quarterly loss this year after writing down the value of leveraged ... -
Thursday, October 23, 2008
MarketWatch -
By Simon Kennedy, MarketWatch LONDON (MarketWatch) -- Credit Suisse on Thursday offered a downbeat outlook for the rest of the year as big losses in trading added to further write-downs on its leveraged-loan and structured-products businesses. ... -
Thursday, October 23, 2008
Irish Times, Ireland -
Swiss banking heavyweight Credit Suisse said it had further cut its exposure to illiquid US assets as it confirmed its hefty third-quarter loss today, but warned the rest of the year would be tough. Credit Suisse Group AG said it had ... -
Thursday, October 23, 2008
The Associated Press -
ZURICH, Switzerland (AP) — Credit Suisse Group reported a 1.26 billion Swiss franc ($1.08 billion) loss during the third quarter Thursday, blaming bad investments and the global financial turmoil, and the bank said it was working to further cut its ...
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