Latest News in Credit History and Jobs – May 08, 2009

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Banks looking up ? jobs losses are next worry – Business Day South Africa

7 May 2009 at 9:32pm
BARCLAYS?s trading statement for the first quarter has added to mounting investor optimism that the worst may be over for banks in developed markets, even if Barclays did not take a bail-out and never mind the US government?s banking stress tests …

RBS Posts Loss on $7.4 Billion Bad Loans, Writedowns (Update2) – Bloomberg

8 May 2009 at 2:04am
May 8 (Bloomberg) — Royal Bank of Scotland Group Plc , the biggest bank owned by the British government, posted a first- quarter loss as bad loans and credit market writedowns reached 4.9 billion pounds ($7.4 billion). The net loss was 857 million …

Toyota reports record loss and predicts worse to come – Guardian Unlimited

8 May 2009 at 3:01am
Toyota today reported net losses of ¥436.9bn (£2.92bn) last year, the worst results in its history, and predicted it would lose ¥550bn in the current financial year as it struggles to limit the fallout from the global economic crisis . The loss …

RBS reports first quarter loss – Irish Times

8 May 2009 at 12:09am
Royal Bank of Scotland, the biggest bank owned by the British government, posted a first- quarter loss as bad loans and credit market writedowns reached £4.9 billion ($7.4 billion). The bank, which owns Ulster Bank and First Active, said its net …

Students Become Prey for Cards Charging 18% After Free Lunch – Bloomberg

8 May 2009 at 12:45am
May 8 (Bloomberg) — Irena Cabrilo got a free lunch during her freshman year at the University of North Texas in exchange for signing up for a credit card from Bank of America Corp. Eight months later, she was carrying a $1,500 balance and struggling …

Crisis drives student interest in derivatives law – Guardian Unlimited

8 May 2009 at 12:02am
NEW YORK, May 8 (Reuters) – Max Romanik from New Mexico went to law school to study the way auctions of luxury works of art are regulated. But as the global financial crisis unfolded in 2008, he grew fascinated with a different obscure market: the …

FEATURE – Crisis drives student interest in derivatives law – Reuters India

7 May 2009 at 10:29pm
NEW YORK (Reuters) – Max Romanik from New Mexico went to law school to study the way auctions of luxury works of art are regulated. But as the global financial crisis unfolded in 2008, he grew fascinated with a different obscure market: the exotic …

MAKING SENSE OF IT ALL – Javno

8 May 2009 at 12:45am
Professor Michael Greenberger speaks with David J. Ramsay, President, University of Maryland, Baltimore, on the steps of Davidge Hall at the University of Maryland Professor Michael Greenberger speaks with David J. Ramsay, President, University of …

‘No green shoots’ as RBS takes a £5bn hit – Evening Standard

8 May 2009 at 2:26am
Royal Bank of Scotland today declared it cannot see any “green shoots” of recovery as it posted further losses after writedowns of nearly £5 billion. Chief executive Stephen Hester said: “Some commentators are beginning to talk about economic …

Ulster Bank main reason for £180m loan loss – Irish Times

8 May 2009 at 2:18am
Loan losses at the Ulster Bank Group are ?predominately? responsible for a rise of £180 million in impairments in RBS?s Europe and the Middle East banking divisions. This division reported an operating loss of £91 million for the period …

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May 08 2009 03:06 am | Credit Reports

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