six-months

Credit Suisse toxic-pool bonus shares fall

Credit Suisse investment bankers’ $700m share of a $5bn toxic asset pool set up in 2008 declined in value in the first six months of this year, a person familiar with the situation said on Thursday.

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Credit Suisse toxic-pool bonus shares fall

six-months

Credit card penalty rates can baffle

A late credit card payment will cost you. It’s just not always clear how much. Despite new reforms that require more transparent billing practices, about half of credit cards do not disclose in marketing materials the penalty interest rates customers can incur.

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Credit card penalty rates can baffle

six-months

Credit checks fall, defaults jump: Veda

New Zealand credit inquiries fell 10.4% in the first six months of 2010 compared with the same period last year while defaults jumped 18.3%, says credit information company Veda Advantage.

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Credit checks fall, defaults jump: Veda