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Credit Crunch News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Credit Crunch News

  • Paragon eyes lending return 24 Nov 2009 11:32 GMT
    ... brands - has not lent to new mortgage borrowers since February 2008 after the credit crunch and financial crisis made funding too expensive. But the group said it was looking ...

  • Business wins give boost to Phoenix shares 24 Nov 2009 11:32 GMT
    ... £14m." Phoenix, which took over Birstall-based business continuity business ICM in 2007, said the credit crunch had persuaded many companies to reconsider whether they wanted to do all of their ...

  • Renault chief Ghosn questions 'importance' of F1 24 Nov 2009 11:31 GMT
    ... all become similar big name casualties over the last twelve months as the global credit crunch takes its toll and continues to bite the automotive industry harder than most. Moreover, ...

  • UPDATE 1-Russia cuts rates again to tame rouble, help econ 24 Nov 2009 11:20 GMT
    ... of falling oil and commodity prices, investor flight from emerging markets and the global credit crunch. But the brightening economic outlook, together with the rally in oil prices to one-year ...

  • UPDATE 3-UK's Lloyds prices record 13.5 bln stg rights issue 24 Nov 2009 11:18 GMT
    ... scheme underscoring rekindled investor enthusiasm for the banking sector as it recovers from the credit crunch. In Europe the sector .SX7P has more than doubled in value since its March ...

  • Steward: Oil sands back on front burner 24 Nov 2009 10:36 GMT
    ... 5.3 million by 2041. That's a slower pace than CERI predicted before last year's credit crunch, which had envisioned 5 million barrels per day by 2015 if all announced projects ...

  • Euro zone Sept industrial orders stronger than expected 24 Nov 2009 10:35 GMT
    ... second quarter of 2008, hit by a global economic slowdown brought on by the credit crunch. (Reporting by Jan Strupczewski, editing by Luke Baker) Copyright Thomson Reuters 2009. All rights ...

  • US credit crunch blamed for Pumpkin Patch's US failure 24 Nov 2009 10:35 GMT
    ... US credit crunch blamed for Pumpkin Patch's US failure We moved too fast, our timing was lousy ...

  • Recession: worst yet to come for local charities 24 Nov 2009 10:30 GMT
    ... isn't all bad news - charity shops have been enjoying improved trade since the credit crunch struck last year. Huddersfield-based charities Kirkwood Hospice, the Laura Crane Trust and the Forget ...

  • THAMESMEAD: MP floats idea for town councils after Tavy Bridge murder 24 Nov 2009 10:24 GMT
    ... revitalising the Tavy Bridge redevelopment scheme which has run into problems because of the credit crunch. Plans are in the pipeline for a ministerial visit to Thamesmead in early January ...

  • Sally Gunnell's new hurdle 24 Nov 2009 09:57 GMT
    ... Have you been reviewing your expenses as well? When the credit crunch began, one of the first things we did was look at our direct debits ...

  • Teen business owner aims to cut it with a chain of hairdressers 24 Nov 2009 09:56 GMT
    ... negative effects on the business. He said: "A lot of people ask how the credit crunch has affected us, but I don't think it really has. "I think it makes ...

  • Mixed trading at Coffeeheaven 24 Nov 2009 09:56 GMT
    ... to September 30 as revenues continued rising in spite of the effects of the credit crunch. The loss attributable to shareholders narrowed to £554,000 from £684,000 over the same period ...

  • Ifo's Abberger sees credit crunch risk in Germany 24 Nov 2009 09:55 GMT
    ... MUNICH, Germany, Nov 24 (Reuters) - The risk of a credit crunch in Germany is not insignificant though there is no evidence of a widespread problem ...

  • BDA's Hundt sees danger of credit crunch in Germany 24 Nov 2009 09:55 GMT
    ... BERLIN, Nov 24 (Reuters) - There is a danger of a widespread credit crunch in the German economy, the president of the German employers' association Dieter Hundt said ...


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