credit crunch Web Content

Danish Credit Crunch Deepens as Firms Face Vicious Circle - Businessweek

(Updates with today’s proposal from FSA in sixth paragraph.) Feb. 6 (Bloomberg) -- Denmark’s credit crunch is getting worse as businesses accuse banks of withholding funds and the financial regulator warns that deteriorating asset quality ... More...

Denmark’s Credit Crunch Worsening as Retrenching Banks Spur Vicious Circle - Bloomberg

Denmark’s credit crunch is getting worse as businesses accuse banks of withholding funds and the financial regulator warns that deteriorating asset quality may put more lenders out of business. “When we ask our companies, small- and medium ... More...

Lending data point to euro-zone credit crunch - Marketwatch

FRANKFURT (MarketWatch) — The long-feared euro-zone credit crunch appears to be under way, economists said Friday after December data showed a sharp slowdown in private bank lending and broad money supply growth. The European Central Bank said ... More...

ECB cash injection not easing Slovene credit crunch - Reuters UK

LJUBLJANA Feb 3 (Reuters) - Slovenian banks took almost 1 billion euros in additional funds from the European Central Bank in December but will hold onto the funds to deal with obligations this year, keeping business and consumers starved of ... More...

ECB's Draghi: credit crunch averted, bond spreads overshooting - Reuters India

DAVOS, Switzerland (Reuters) - The European Central Bank's new round of loans to banks have averted a major credit crunch but credit remains seriously impaired in parts of the euro area, ECB President Mario Draghi said at the World Economic ... More...

Draghi Says Credit Crunch Averted as Signs of Stabilizing Emerge - Businessweek

Jan. 12 (Bloomberg) -- European Central Bank President Mario Draghi said the bank has averted a serious credit shortage and there are signs the economy is stabilizing, signaling policy makers may resist cutting interest rates further for now. More...

Chile Bank Borrowing Data Signal Credit Crunch Was Overreaction to Europe - Bloomberg

Chilean banks borrowed 19 times more pesos than U.S. dollars from authorities in December, indicating that a surge in bank funding costs was more local than external. Banks borrowed $49.8 million in U.S. dollars from the finance ministry as ... More...

Online Radio Show Covering Credit Repair and Debt Management Nears Milestone - PRWeb

The Credit Crunch, whose podcast and archive downloads are quickly finding an audience with a wide array of listeners frequently discusses and tackles a variety of financial topics that assist consumers with gaining the edge on banks, lenders, and credit card companies. More...

Crunch-Hit Bulgaria Drives Increase in E Europe Insolvencies - Creditreform - Sofia News Agency

Bulgaria, Hungary and the Czech Republic marked the highest increase in corporate insolvencies in central and eastern Europe last year in the wake of the credit crunch and economic slow-down,  Creditreform agency said. Corporate insolvencies rose 6 ... More...

Europe Avoided 'Major Credit Crunch': ECB Official - CNBC

He also said the risk premium on euro zone government bonds was likely to remain high for an extended period, despite budget deficit cuts, economic reforms and moves to strengthen Europe's fiscal discipline and financial firewalls. Draghi said it was not ... More...

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