Regulators Watch Credit Card Debt as Bankruptcies Rise
Regulators monitor a rise in credit card debt and soaring personal bankruptcies with little fear of a systemic banking crisis. FDIC reports 3.8 billion in second quarter losses, while experts debate causes including consumer overspending, easy bankruptcy access, and pre approved card solicitations.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
House Banking Committee
FDIC
Federal Reserve Board
Lawrence Lindsey
Lindsey
Kenneth Crone
Visa U.S.A
T bills rise to 15 month high in auction
The 52 week Treasury bills auction saw the average discount rate climb to 5.57 percent from 5.36 percent, the highest since April 1995. The $10,000 face value bills will carry 5.90 percent coupon, selling at $9,436.20, with $19.4 billion in sales from $51.7 billion bids.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Rcent
Isuzu defends Trooper against consumer safety claims
Isuzu officials rebut Consumer Union charges that the Trooper may tip in sharp turns. The company showed engineering studies and video at a National Press Club briefing. Union urged a recall and cited tests showing two wheels up at about 33 mph. Trooper sales fell 35 percent last month.
MENTIONED IN THIS ARTICLE
Washington
Isuzu
Terry Maloney
National Press Club
Norihiko Oda
Consumer’s Union
Yonkers
N.Y
Dow Up 17 Points as Inflation Eases Fed Rate Bets
The Dow Jones rose 17.02 points to 5771.94 on Thursday, helped by a tame inflation reading and relief that the Fed may hold rates. The Dow, Nasdaq and S&P 500 advanced with volume near 399 million shares, as Duracell spiked on news of a Gillette $7 billion acquisition.
MENTIONED IN THIS ARTICLE
New York
Dow
U.S
Bend Market
Federal Reserve
Fed
Treasury
Weday
New York Stock Exchange
NYSE
Standard & Poor
American Stock Exchange
Duracell
Gillette
Xerox
Tokyo
Frankfurt
London
Also Mentioned on This Page
Lawrence Chimerine
Economic Strategy Institute
MasterCard
George M. Salem
Salem
Joe Kennedy
D-Mass
GE Capital
Mr. Kennedy
Prudential HealthCare
Maryland
North Charles Street
Baltimore
Prudential Health Care Plan, Inc
Prudential Insurance Company
Byers’ Choice Sale
Byers
Gladhill Furniture
West Main St
Middletown
Frederick
Thesday
Wesneara
Giant Foods
Dow Jones
GTE Corp
He Life Tech
Altimax
Lockheed
Te Lowe
Avemco
Marriott
Bell
Mercantile BioWhittaker
Bakshr
Fe Nations Bank
Citizens Bank
Mvryan
Jcpenney
Coca Cola
Pepsico
Comsat
Exxon
Fcnb Corp i
F&m Bancorp
Yasm
Wash Gs
First United
Ao Weis
Fred Brew
Ferris
Unc
Baker Watts Inc
Trooper
Tracy Herrick
Jefferies & Co
Drederich Nefes
iPost
RadioShack
Sprint Spectrum
Sprint
Ericsson
Sprint Spectrum Customer Care
Nokia
Lee Hae
Pat Ue
Tom Ecvertse
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