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Bad Credit Loan News and Current Events

Credit Suisse Invests in Indian Finance Unit (New York Times)

Credit Suisse said it had injected 7.94 billion rupees ($164 million) into the operations of its nonbanking financial company in India.

Banks Agree to Extend Credit Lines to Talbots (New York Times)

Talbots shares jumped 24 percent on Tuesday, a day after the women’s apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.

Canada budget to address credit access-minister (Reuters via Yahoo! News)

Canada's upcoming budget will address the issue of access to credit and contain a clear plan for the country to eventually emerge from deficit financing, Finance Minister Jim Flaherty said on Tuesday.

Hong Kong Property Market Has 20% Downside, Credit Suisse Says (Bloomberg)

Jan. 7 (Bloomberg) -- Hong Kong residential property prices may fall by about a fifth in the first half of this year, taking the decline from their peak last year to 41 percent, Credit Suisse analysts wrote in a report.

Iberdrola Renovables Cut To Neutral By Credit Suisse (Fox News)

Iberdrola Renovables Cut To Neutral By Credit Suisse

Credit Suisse Urged Clients To Withdraw Madoff Cash: Report (Fox News)

Credit Suisse Urged Clients To Withdraw Madoff Cash: Report

Credit Suisse Said to Have Urged Clients to Dump Madoff Funds (Bloomberg)

Jan. 7 (Bloomberg) -- Credit Suisse Group AG , whose clients lost almost $1 billion in Bernard Madoff ’s alleged swindle, urged customers more than eight years ago to withdraw cash from his firm because the bank couldn’t determine how he made money, said three people familiar with the matter.

Philippines Hires Credit Suisse, Deutsche Bank, HSBC for Bonds (Bloomberg)

Jan. 7 (Bloomberg) -- The Philippines hired Credit Suisse Group AG, Deutsche Bank AG, and HSBC Holdings Plc to manage a dollar bond sale, according to an e-mail sent to investors.

Ricoh Shares Gain After Credit Suisse Raises Investment Rating (Bloomberg)

Jan. 7 (Bloomberg) -- Ricoh Co. , Japan’s second-biggest maker of office equipment, climbed to the highest in three months in Tokyo trading after Credit Suisse Group raised its investment rating, citing higher-than-expected earnings from the U.S.

Canada to work with banks to provide credit (Reuters via Yahoo! News)

The Canadian government has agreed to form a working group with the country's banks on providing credit, Finance Minister Jim Flaherty said on Tuesday.