Credit

20 May, 2012 [ (0) Comment ]

Image Credit: NBC

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Image Credit: NBC

Mick Jagger has managed to stay both incredibly famous and beloved for half a century. Considering the modern era’s notoriously short attention span, that’s no small feat. But despite Jagger’s celebrity magnetism, SNL viewers might find their minds...

20 May, 2012 [ (0) Comment ]

G-8′s $29 trillion debt

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CAMP DAVID, Md. — G-8 countries are $29 trillion in debt. Can any...


20 May, 2012 [ (0) Comment ]

Credit Suisse Asks Argentina’s Grupo Petersen To Repay Loans

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Credit Suisse AG (CS, CSGN.VX) has informed Argentine conglomerate Grupo Petersen that it must pay back loans used to buy a stake in oil company YPF SA (YPF, YPFD.BA) after it missed a $400 million payment.

Credit Suisse notified Petersen SA and related company PEISA...



19 May, 2012 [ (0) Comment ]

Credit Suisse Says Petersen’s YPF Loan Payable Immediately

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(Updates with closing share price in fourth paragraph.)


May 18 (Bloomberg) -- Credit Suisse Group AG said the overdue tranche of a $1 billion loan to Argentina's Petersen Group backed by a stake in oil producer YPF SA is "payable immediately" in its second notice in seven days.

Credit...

19 May, 2012 [ (0) Comment ]

Shouldering a Burden of College Debt

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Re “A Generation Hobbled by College Debt” (“Degrees of Debt” series, front page, May 13):

Despite the state of the job market, only 4.6 percent of borrowers at private nonprofit colleges are in default. To the extent that colleges are not...


18 May, 2012 [ (0) Comment ]

Credit rating lowered on 16 Spanish banks

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Europe's deepening debt crisis is likely to play out on U.S. shores today as financial markets digest the downgrade of the creditworthiness of 16 Spanish banks and France's new Socialist president arrives at the...

18 May, 2012 [ (0) Comment ]

Spanish Debt Insurance Costs Hit New High

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LONDON—The cost of insuring Spanish sovereign debt against default hit yet another record high Friday, rising 12 basis points from Thursday's close to 562 basis points as its banking system is under severe stress,...