Credit-card debt has been falling for 16 straight months but consumers aren’t paying off their financial obligations as much you might think. Instead, they’re walking away from the debt, forcing credit-card issuers to write off as much as 90% of that reported drop, according to a new report by CardHub.com.
AIG’s ILFC unit selling new term loans
American International Group’s big aircraft-leasing unit took a small first step toward funding itself independently.
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China Banks Lent $102.6 Billion In February:report
China Banks Lent $102.6 Billion In February:report
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Japan Shares Edge Up As Technology Stocks Advance
Japan Shares Edge Up As Technology Stocks Advance
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Unions to Kick Off Major Anti-Bank, Pro-Jobs Campaign Monday
As labor unions wind down their fight for health care reform, they will announce details Monday of their next major campaign: an attack on the nation’s biggest banks for their role in the financial crisis and a push for a new transaction tax to raise $100 billion a year for a national jobs program.
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Australian Shares Move Higher As Financials Gain
Australian Shares Move Higher As Financials Gain
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Korn/Ferry International Swings to 3Q Profit
The staffing firm has projected fourth-quarter earnings of 10 cents to 16 cents per share, compared with the Thomson Reuters analyst forecast of 11 cents.
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Anadarko to Repurchase $1B in Debt
The company’s initial offer is for the buyback of all issued senior notes that carry a 6.750% rate.
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