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and another 15 billion to secure refinancing. It posted a third quarter net loss of 285 million euros. Britain's biggest home lender HBOS raised its hit from the value of risky assets and bad loans to over 5 billion pounds as its takeover partner Lloyds TSB predicted a sharp fall in profits. - www.thestate.com
Credit cards now look to be the latest domino to drop in a financial crisis that started with subprime mortgages and continually takes new twists. • Amid rising job losses, consumers — even those with good credit — have been defaulting at high levels on credit cards. • Banks are bleeding tens of billions in red ink from the losses. The largest credit card banks each set aside between $1 ...