credit crisis

Credit worries rattle markets again

LONDON (Reuters) - Fears that the credit crisis is back rattled financial markets on Tuesday as a newspaper report added to previous woes by suggesting that U.S. giant Lehman Brothers may need to raise nore capital.

Stocks down after tepid economic data, bank woes

NEW YORK -- Wall Street retreated sharply Monday on more signs of economic weakness and executive shake-ups at two major banks _ reminders of the ongoing fallout from the credit crisis. The Dow Jones industrial average fell 200 points.

Consulting firms see gains from economy's woes

BANGALORE (Reuters) - As the nearly year-old credit crisis threatens to send the U.S. economy into a recession, a group of small- and medium-sized consulting firms see opportunity in other companies' troubles.

Bear Stearns-JPMorgan Chase deal set for vote

NEW YORK -- One of the biggest corporate casualties of the global credit crisis, Bear Stearns Cos., is about to vanish into history.

Feds offer help to student loan industry

WASHINGTON -- Student loan companies, squeezed by the credit crisis, are getting some help from the federal government.

Surging Oil Prices, Consumer Spending Worries Cause Stocks to Fall

NEW YORK, May 20 -- U.S. stocks fell sharply Tuesday as concerns about surging oil prices, consumer spending and the credit crisis returned to the fore after several weeks of relative calm in financial markets.

Credit Agricole seeks $7.72 billion in new capital

PARIS -- Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital.

New law allows students to get an extra loan

There's a silver lining to the credit crisis for student borrowers. Last week, President Bush signed a bill that will let undergraduate college students take out an extra $2,000 per year in federally guaranteed Stafford loans.

AP Interview: Paulson says credit crisis may be fading

WASHINGTON -- The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks.

AP Interview: Paulson says credit crisis may be fading

WASHINGTON -- The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks.

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