Credit News:
Credit unions hoping to widen net
How changes to credit unions may help customers like those in Hackney.
Credit Suisse traders 'manipulated IT systems' to hide losses
Two traders at Credit Suisse have pleaded guilty to wire fraud and falsifying data after authorities said they had manipulated the bank's record systems, as the credit crunch approached, in order to help conceal over half a billion dollars' worth of losses.
Credit Suisse traders plead guilty
NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, two of the former traders at the ...
UPDATE 2-Credit Suisse traders plead guilty
* Two guilty pleas by former Credit Suisse traders * Two others face civil charges by U.S. SEC * Probe into writedowns on mortgage derivatives * Falsified books as US real estate market slumped (Adds quotes ...
Ex-Credit Suisse traders charged in subprime case
NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, two of the former traders at the ...
UPDATE 3-Ex-Credit Suisse traders charged in subprime case
* 3 ex-Credit Suisse traders charged with criminal offense * Probe into writedowns on mortgage derivatives * Falsified books as US real estate market slumped * U.S. SEC also files civil charges (Adds criminal ...
Credit unions payday loan warning
The Irish League of Credit Unions say that 2012 will see a drop in disposable income for NI households.
Hungary seeks 15-20 billion euro IMF/EU credit line - official
BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion euros (12.5 to 16.7 billion pounds), the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying. Hungary is seeking backup from the International Monetary Fund and the European Union to reassure investors it has financing even if it gets cut off from debt ...
U.S. says Credit Suisse traders falsified subprime books
NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, a former London-based trader at the investment bank admitted in court on Wednesday. The former trader, David Higgs, pleaded guilty in U.S. District Court in New York to a criminal charge of conspiracy to commit falsification of ...
UPDATE 1-U.S. says Credit Suisse traders falsified subprime books
* Two guilty pleas by former Credit Suisse traders * Part of U.S. probe into writedowns mortgage derivatives (Adds details of conduct, Higgs quotes) NEW YORK, Feb 1 (Reuters) - Several former CreditSuisse ...