Posts Tagged ‘credit’

ABA: Consumer loan delinquencies improved

by Published: October 5,2010

Tags: banking and finance, credit, debt

WASHINGTON – Consumer loan delinquencies generally improved in the second quarter of 2010, as bank card, home equity loans, and auto loans all showed improvement according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The results were not as broadbased as the previous two quarters and, as a result, the composite ratio, which tracks delinquencies […] [...]

Discover’s performance boosted by settlement

by Published: September 20,2010

Tags: banking and finance, credit, loans

NEW YORK — Credit card company Discover Financial Inc. says third-quarter net income fell, but profits in the year-earlier period received a big boost from a lawsuit settlement. Net income was $258.2 million, or 47 cents per share. That compares with $552.9 million, or $1.07 per share, last year, which included a $287 million settlement […] [...]

Credit Managers’ Index gives room for optimism

by Published: September 2,2010

Tags: credit, debt, economy, manufacturing, railroads, retail

Columbia, Md. — The trend in data this past week was hardly encouraging, resulting in another chorus of pronouncements regarding an imminent return to recession. The housing market remains in the doldrums, GDP numbers were revised down in reaction to the worsening trade deficit numbers and there was a decline in the markets. In the […] [...]

Report: State nearly leads nation in ‘financial distress’

by Published: August 27,2010

Tags: consumer spending, credit, debt, economy

ATLANTA — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 second quarter, and the news is not good for Mississippi. The index, a quarterly measure that tracks the financial condition of the average U.S. household, finds that high levels of unemployment and the strain of housing costs continue to keep consumers […] [...]

Credit card debt drops to eight-year low

NEW YORK — The amount consumers owed on their credit cards dropped to its lowest level in eight years, as cardholders continued to pay off balances in the uncertain economy. The average combined debt for bank-issued credit cards — those with a MasterCard or Visa logo — fell to $4,951 in the second quarter, down […] [...]

Latest CMI reflects ‘stuttering’ economy

by Published: August 3,2010

Tags: consumer spending, credit, debt, economy, factory orders

COLUMBIA, Md. — July’s Credit Managers’ Index (CMI) continued to show that the economy as a whole is stuttering. The overall index remains above 50, but not by much, and these levels have not been seen since late last year when the index was down to 52.9 in December. As recently as April, the combined […] [...]

Credit quality issues impact BancorpSouth

by Published: July 23,2010

Tags: banking and finance, credit, debt, mortgages, real estate

TUPELO— BancorpSouth Inc., during the quarter ended June 30, 2010, posted a net loss of $12.6 million, or $0.15 per diluted share, compared with net income of $33.9 million, or $0.41 per diluted share, for the second quarter of 2009. Aubrey Patterson, chairman and CEO of BancorpSouth, said, “The decline in BancorpSouth’s bottom-line results for […] [...]

ABA reports improved loan delinquencies

by Published: July 7,2010

Tags: banking and finance, credit, debt, loans

WASHINGTON – Consumer loan delinquencies showed broad-based improvement for the third quarter in a row, a sign of continued modest improvement in the U.S. economy, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 21 basis points to 2.98 percent of […] [...]

Credit Managers’ Index ‘slumping dramatically’

by Published: July 1,2010

Tags: credit

COLUMBIA, Md.—The slowdown in the economy over the past several weeks has been chronicled in a variety of ways: retail sales fell, the housing market sank to levels not seen in close to two years, the financial markets stumbled in reaction to one global threat after another and the Credit Managers’ Index (CMI) is slumping […] [...]

Fitch Ratings downgrades BP

NEW YORK — Fitch became the first credit ratings agency to downgrade BP, noting the extreme financial risks tied to the ongoing Gulf oil spill. “The company has so far repeatedly failed to stop the resultant oil leak and has instead reverted to containment methods that are yet to be fully implemented and are subject […] [...]

« Previous Page Next Page »

Recent Posts


Should the IHL reconsider its position on firing Dan Jones as chancellor at the University of Mississippi?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments