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Canada budget to address credit access: minister (Reuters via Yahoo! News)
Canada's upcoming budget will address the issue of access to credit and contain a clear plan for the country to eventually emerge from deficit financing, Finance Minister Jim Flaherty said on Tuesday.
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Credit Suisse Invests in Indian Finance Unit (New York Times)
Credit Suisse said it had injected 7.94 billion rupees ($164 million) into the operations of its nonbanking financial company in India.
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Banks Agree to Extend Credit Lines to Talbots (New York Times)
Talbots shares jumped 24 percent on Tuesday, a day after the women’s apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.
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Credit Suisse Urged Clients to Dump Madoff Funds (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- Credit Suisse Group AG , whose clients lost almost $1 billion in Bernard Madoff ’s alleged swindle, urged customers more than eight years ago to withdraw cash from his firm because the bank couldn’t determine how he made money, said three people familiar with the matter.
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Credit card defaults rise again in December (AP via Yahoo! Finance)
U.S. consumers fell further behind in paying off credit cards last month, a trend that's expected to worsen this year amid growing unemployment, Fitch Ratings said Wednesday.
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Cheesecake Factory amends credit facility (AP via Yahoo! Finance)
Restaurant chain Cheesecake Factory Inc. said late Tuesday that it has amended the terms of its revolving credit facility.
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Bank plan to ease credit crunch (BBC News)
Jersey should think about having its own bank to beat the credit crunch, says a former president of the Chamber of Commerce.
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Towns' Solution to Credit Crisis: Print Their Own Money (Fox News)
Some villages try to beat the credit crisis by printing do-it-yourself community currencies.
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Credit-Default Swaps Fall to Eight-Week Low, CDX Index Shows (Bloomberg)
Jan. 7 (Bloomberg) -- The cost of protecting U.S. corporate bonds from default fell for a second day to the lowest in eight weeks, a benchmark credit-default swaps index shows.
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GM, Chrysler, credit unions expand low rate plan nationwide (Detroit News)
General Motors Corp. is expanding its initiative to offer credit union members access to lower loan rates on top of discounts on new vehicles. GM will join Chrysler LLC in making the offer available through almost 8,000 credit unions nationwide.
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