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Failure of Credit Unions’ ‘Banker’ Sends Tremor Through System

The financial woes that ultimately sank Constitution Corporate Federal Credit Union have cost Connecticut’s retail credit unions nearly $70 million, and they’ll likely pay millions more down the road.

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Failure of Credit Unions’ ‘Banker’ Sends Tremor Through System

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Shinsei Banks Gains as Credit Suisse Boosts Rating on Plan to Cut Costs

Shinsei Bank Ltd. shares gained in Tokyo trading after Credit Suisse Group AG raised the lender’s rating to “outperform” from “neutral” on the company’s plan for reduced credit costs and expenses.

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Shinsei Banks Gains as Credit Suisse Boosts Rating on Plan to Cut Costs

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Junk Debt ¿Best Bet’ as Issuance Beats Record: Credit Markets

Ally Financial Inc., the lender previously known as GMAC Inc., and the lending arm of Ford Motor Co. have led $208.3 billion of speculative-grade debt sales this year through today, compared with $208.1 billion for all of 2009, according to data compiled by Bloomberg.

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Junk Debt ¿Best Bet’ as Issuance Beats Record: Credit Markets

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Credit Reports: Lenders Aren’t the Only Ones Looking at Your Credit History

Credit report checks aren’t something to look forward to, especially if you know your credit history won’t impress the lender. But there is another reason why you should be worried. Much more recently, employers are using applicants’ credit reports to deny jobs, The Huffington Post reported. According to the site, the Society for Human Resource Management conducted a survey which showed that as …

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Credit Reports: Lenders Aren’t the Only Ones Looking at Your Credit History