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Credit card debt cuts may be write-offs

September 26, 2010 by · Leave a Comment 

The substantial drop in credit card debt in the United Statessince early 2009 has been widely attributed to newly frugalconsumers. But analysts say that a significant portion of thedecline is actually the result of financial institutions’ writingoff billions of dollars in credit card debt as losses.

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Credit card debt cuts may be write-offs

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Credit union reaches 100,000

September 17, 2010 by · Leave a Comment 

ST. JOSEPH, Mich. – United Federal Credit Union, which has a branch in Marion celebrated its 100,000 member attained after more than 60 years of growth, a news release states. The milestone will be celebrated in more than 20 branch locations in September.

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Credit union reaches 100,000

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Credit Suisse Appointed Adviser for U.A.E. Nuclear Project, MEED Reports

September 15, 2010 by · Leave a Comment 

Credit Suisse Group AG has been appointed financial adviser for United Arab Emirates’ nuclear power project, MEED reported citing people it didn’t identify.

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Credit Suisse Appointed Adviser for U.A.E. Nuclear Project, MEED Reports

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Dubai World Debt Accord Is `Credit Positive’ for U.A.E Banks, Moody’s Says

September 13, 2010 by · Leave a Comment 

Dubai World’s approval from creditors to alter the terms on $24.9 billion of debt is “credit positive” for banks in the United Arab Emirates, according to Moody’s Investors Service.

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Dubai World Debt Accord Is `Credit Positive’ for U.A.E Banks, Moody’s Says

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Credit Union starts fund for Schiering children

July 21, 2010 by · Leave a Comment 

The people at United Health Services Credit Union are stepping up to help two boys whose mother was killed this last weekend.

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Credit Union starts fund for Schiering children

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Summary Box: Ford reducing debt

June 30, 2010 by · Leave a Comment 

SHEDDING DEBT: Ford Motor Co. cut into its staggering debt, saying it will pay more than $4 billion, mainly to a United Auto Workers trust that pays health care bills for blue-collar retirees. The trust will get $3.8 billion in cash, and is still owed $3.6 billion. Ford also will pay $255 million in dividends on preferred securities that were deferred when it was in financial trouble.

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Summary Box: Ford reducing debt