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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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Losses on US credit cards hit a record 10.44 per cent in June, squeezing profit margins for credit card securitisations to a 10-year low, according to Fitch Ratings.
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The U.K. economy shrank more than previously estimated in the first quarter in the biggest contraction since 1958.
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American International Group Inc. said that valuation declines on credit-default swaps sold to European banks could have a ??material adverse effect? on the company??s results.
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U.K. financial services companies may cut 13,000 jobs in the third quarter even as they express rising optimism for the first time in two years, according to CBI, Britain??s biggest business lobby group.
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