The Press Release Resource

Finance Minister Kikis Kazamias has described the decision of Standard and Poor`s to downgrade Cyprus economy credit rating as arbitrary and unsubstantiated, accusing the agency of serving other expediencies In statements Saturday at the Ministry of Finance, Kazamias said that Standard and Poor`s decided yesterday to downgrade the credit rating of the Republic of Cyprus …

Mumbai, January 09, 2012: IDBI Bank Ltd has entered into a Memorandum of Understanding (“MOU”) with Credit Analysis & Research Limited (“CARE ”) for utilizing CARE’s ratings for evaluating its existing as well as potential MSME (Micro, Small and Medium Enterprises) clients. The rating would help the Bank in selection expediting credit decision. The customer …

Standard & Poor’s Rating Services lowered on Thursday its long-term sovereign credit rating on the Republic of Cyprus to ‘BBB’ from ‘BBB+’, prompting the Finance Ministry of Cyprus to call on political parties to vote the 2012 budget. The Ministry of Finance also urges the parties to approve all measures aimed at reducing the country’s …

In a survey of www.smava.de “Which first league football club would you borrow money?” Bayern hit number one, while Borussia Monchengladbach was last. Surprisingly, the majority of Germans wouldn”t lend money to 16 out of 18 clubs. Berlin, 17. May 2011. How creditworthy are football clubs? A survey by the online loan marketplace www.smava.de among …

A new study by the UK’s leading discount website has revealed that half of Britons that have taken out credit in the form of a loan, overdraft or credit card, did so without looking at the interest rate or APR that came with it.   With interest rates on loans and credit cards being an …

Without credit check: the VoiceCash Prepaid MasterCard is a card for everyone and offers customers a variety of advantages Munich, 01.04.2011. VoiceCash, the prepaid card specialist, has once again come up with a revolutionary idea for the German market: the new VoiceCash Prepaid MasterCard card. In addition to the standard functions of a MasterCard card, …

Research conducted by the UK’s leading discount website of more than 1,500 members of the British public has revealed that 18% of respondents have their birthday as their PIN number for their bank or credit card, whilst half of people with more than one card have the same PIN for each. A study carried out …

New Transparency Rules Designed to Help Consumers Avoid Confusion Not all offers for a free credit report are created equal. Under a new Federal Trade Commission (FTC) rule, companies advertising “free credit reports” are obliged to include a prominent disclosure to differentiate their services from those of the free, government-sanctioned AnnualCreditReport.com Web site. Before the …

Consumers have filed complaints against debt settlement companies in 50 states Better Business Bureau is warning financially troubled families to beware of misleading debt settlement companies that claim they can easily reduce or eliminate credit card debt. Since the start of the recession, BBB has received more than 3,500 complaints from individuals, including many who …

Unique resources offer tailored advice for all types of credit card holders Better Business Bureau has rolled out a free, new online program called “Managing Credit – Made Simpler.” (www.bbb.org/credit-management) In a partnership between Better Business Bureau and Capital One Financial Corp., Managing Credit – Made Simpler offers tailored advice on all aspects of managing …

National Bank of Fujairah PSC (NBF) held its Annual Ordinary General Meeting today at Al Diar Siji Hotel in Fujairah. The shareholders considered and approved the Chairman’s report on the Bank’s activities and its consolidated financial statements for the year ended 31 December 2009. April 07, 2010 — The Bank posted a solid set of …

The Supreme Court stated last week that hazardous substances could be conveyed from coastal regulation zones (CRZ) to industrial units, though an amendment to the CRZ rules totally prohibited any such movement. The 1997 amendment to a central government notification of 1991 on carrying hazardous substances from ports to the industrial units was not “happily …

The Indian operations of HSBC has reported a 44% drop in its net profits for the year ended December 31, 2009, to $374 million from $666 million a year earlier. The drop comes on the back of a loss of over Rs 1,000 crore in retail banking. The bank has also recorded a loss in …

The report said RBI has started taking ‘class action’, by issuing general directions to all banks to protect their customers. Such general directions are issued by the controller in cases that could benefit not only the applicant, but all those consumers similarly placed without having to move toward their respective banks. The report said RBI …

Better Business Bureau explains what the changes mean to consumers New legislation comes into effect on Monday, February 22, 2010 that will drastically restrict some of the credit card industry’s most unpopular practices. That’s when phase II of the Credit Card Accountability, Responsibility and Disclosure Act (CARD) goes into effect. The changes are aimed at …

Card issuers scrambling before new legislation goes into effect Wallingford, CT – February 14, 2009 – If you received a notice that the interest rate on your credit cards is going to more than double, you are not alone. Citing economic conditions, American Express, Bank of America, Citibank, Capital One, and HSBC are raising rates …

Retailers are trying to help families layaway plans to avoid increasing their credit card debt.

Consumers should try to come to an agreement with a lender to avoid car loan default, repossession and the negative effect on personal credit scores.

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More than 90 percent of the largest banks in the country rely on these ratings to determine both who they will lend to and at what interest rate.