Capital One credit charge-offs rise in January
Capital One credit charge-offs rise in January
Capital One Financial Corp. said Friday that its U.S. credit card losses rose in January as delinquencies edged higher. The company said in a Securities and Exchange Commission filing that its annual net charge-off rate for U.S. cards rose to 10.41 percent last month from 10.14 percent in December.
Read more on AP via Yahoo! Finance
Categories: credit meld Tags: Capital, chargeoffs, Credit, January, Rise
Swiss Re capital boost to ease Buffett repayment
Swiss Re capital boost to ease Buffett repayment
The world’s second-largest reinsurer, Swiss Re , was more confident it could repay a costly convertible loan from Warren Buffett after strengthening its capital and returning to the black in 2009.
Read more on Reuters via Yahoo! News
BIS Says Banks Need More Capital to Withstand Shocks (Update1)
BIS Says Banks Need More Capital to Withstand Shocks (Update1)
Feb. 9 (Bloomberg) — Capital requirements on banks aren’t sufficient to ensure financial stability and lenders should hold enough liquid assets to survive a temporary loss of access to funding, the head of the Bank for International Settlements said.
Read more on Bloomberg
Shuaa Capital Loss Narrows as Corporate Unit Improves (Update2)
Shuaa Capital Loss Narrows as Corporate Unit Improves (Update2)
Feb. 6 (Bloomberg) — Shuaa Capital PSC , the biggest investment bank in the United Arab Emirates, said its fourth- quarter loss narrowed as its corporate unit improved and its private equity unit returned to profit.
Read more on Bloomberg
UMC to double capital spending: Credit Suisse
UMC to double capital spending: Credit Suisse
Credit Suisse expects the world’s second-largest contract chipmaker, United Microelectronics Corp (UMC, 聯電), to double capital spending this year in the face of increased competition from GlobalFoundries Inc.
Read more on Taipei Times
Credit Suisse CFO: Higher Capital, Liquidity Rules Needed
Credit Suisse CFO: Higher Capital, Liquidity Rules Needed
VALLENDAR -(Dow Jones)- The chief financial officer of Credit Suisse (CS) Friday called for higher global capital and liquidity requirements but said more conservative leverage ratios wouldn’t prevent banks from taking excessive risks.
Read more on Nasdaq