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US: Credit Market

  • "Defaults are not likely to exceed $20 billion, which is less than 1 percent of all municipal bonds outstanding," Richard Larkin, senior vice president and director of credit analysis at investment bank Herbert J. Sims, said.

  • Financial Crisis Could Happen Again: FCIC's Angelides Thursday, 3 Feb 2011 | 6:10 PM ET

    The financial crisis that crippled the economy could happen again, Phil Angelides, chairman of the Financial Crisis Inquiry Commission (FCIC) told CNBC Thursday.

  • Egypt Protests Negative for Growth: Nouriel Roubini Monday, 31 Jan 2011 | 6:15 AM ET
    Nouriel Roubini guest hosts Squawk Box on CNBC.

    Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.

  • BofA Doesn't Need New Capital: CEO in Davos Friday, 28 Jan 2011 | 5:16 AM ET
    Brian Moynihan

    Bank of America does not need to raise fresh capital to comply with the new regulations shaping the financial world and the quality of its credit portfolios is getting better, CEO Brian Moynihan told CNBC.

  • Regulators See Danger in New Risk-Retention Rules Tuesday, 18 Jan 2011 | 4:31 PM ET

    New risk retention standards could restrict the availability of credit and hurt the economy if not carefully written, according to a report released on Tuesday by a new council of US regulators.

  • Austerity measures put in place by peripheral euro zone countries will eventually bear fruit, but going forward bond investors will have to start getting used to taking losses on their principal, Erik Nielsen, the Chief European Economist at Goldman Sachs, told CNBC Friday.

  • PIGS Debt Riskier Than Iraq, CDS Prices Show Friday, 7 Jan 2011 | 3:59 AM ET

    Greece has become the world's riskiest borrower in the fourth quarter of 2010, surpassing Venezuela, while Spain, Portugal and Ireland were riskier than Iraq.

  • Next Debt Crisis May Start in Washington: Bair Friday, 26 Nov 2010 | 6:25 AM ET
    FDIC Chairman Sheila Bair

    The US needs to take urgent action to cut its debt in order to prevent the next financial crisis, which may start in Washington, Sheila Bair, chair of the Federal Deposits Insurance Corp. (FDIC) wrote in an editorial in the Washington Post.

  • Clearing House Doubles Irish Bonds Margin Requirement  Wednesday, 17 Nov 2010 | 10:02 AM ET
    annuities

    Clearing house LCH Clearnet doubled its margin requirement for Irish government bonds Wednesday, reacting to fears over uncertainty regarding the country's debt issues, which pushed yields on Irish debt higher.

  • Next Generation Credit Cards Coming to a Wallet Near You Thursday, 28 Oct 2010 | 11:54 AM ET

    Credit cards are about to undergo some “plastic surgery,” and the operation is being performed by Dynamics, maker of next-generation interactive payment cards.

  • Urban legends - those oft-repeated stories that sound just wild enough that they could be true, but really aren't - prey on our fears, hopes and dreams. Those involving credit cards are no exception.

  • There's 'a Bit of a Bond Bubble': FDIC's Bair Tuesday, 5 Oct 2010 | 7:01 AM ET
    FDIC Chairwoman Sheila Bair on CNBC'c Power Lunch

    The US needs to deleverage the financial system and restore market discipline and must keep the effects of protracted low interest rates in mind, as a bond bubble seems to be developing, FDIC Chairwoman Sheila Bair told CNBC.

  • Los Angeles Mayor: We Will Not Go Bankrupt Wednesday, 22 Sep 2010 | 6:40 AM ET
    Los Angeles, CA

    Mayor Antonio Villaraigosa dismissed former L.A. Mayor Richard Riordan's gloomy prediction that the city will be bankrupt by 2014. 

  • Credit Cards 2010: Higher APRs, Reduced Rewards Tuesday, 14 Sep 2010 | 11:51 AM ET

    Since so many retail credit cards have APRs nearing the 25 percent range, it's more imperative than ever that consumers be able to pay for items as quickly as possible.

  • Reasons to Freeze Your Credit Thursday, 2 Sep 2010 | 12:13 PM ET

    How credit freezes work, and whether they're for you.

  • Seven Places to Stash Your Plastic at Home Friday, 30 Jul 2010 | 2:57 PM ET
    Credit Card Protection

    Forget the underwear drawer -- it's time to get creative

  • Bank of America Stops Disclosing Default APRs Tuesday, 27 Jul 2010 | 12:41 PM ET
    Bank of America

    Despite regulations aimed at making credit card agreements more consumer friendly, new cardholders who carry plastic from the No. 2 U.S. bank won't know the exact cost of making a borrowing mistake until it's too late.

  • Automated Debt-Collection Lawsuits Engulf Courts Tuesday, 13 Jul 2010 | 11:03 AM ET
    Gavel

    As millions of Americans have fallen behind on paying their bills, debt collection law firms have been clogging courtrooms with lawsuits seeking repayment. The New York Times reports.

  • Hopes Rise over Unwinding of Lehman's Assets Monday, 12 Jul 2010 | 7:21 AM ET
    Lehman Brothers

    The administrator of Lehman Brothers’ German business has sold $2.4 billion of claims against the failed bank to a group of distressed debt funds, in a move that may help expedite the unwinding of the bank’s assets.

  • Four Rules to Win at the Credit Card Rewards Game Tuesday, 29 Jun 2010 | 12:13 PM ET
    Online shopping with a credit card.

    It sounds like a can't-lose proposition: Sign up for a rewards credit card, then charge all of your monthly expenses to rack up the points. All you need to do is just make sure you pay off the card when the bill comes due, and you'll soon be cashing in those points for travel, products, even money back. What could go wrong?