Summary Box: China Construction Bank Profit Rises

August 24, 2010 by admin  
Filed under Bad Credit

Summary Box: China Construction Bank Profit Rises
Summary Box: China Construction Bank 1st-half profit up 27 percent on larger fee business Business – China Construction Bank – Banking Services – Financial Services – Banks and Institutions

Read more on ABC News

Westpac Profit Rises, Joins Rivals Cutting Bad Debts

August 24, 2010 by admin  
Filed under Bad Credit Loans

Westpac Profit Rises, Joins Rivals Cutting Terrible Debts
Westpac Banking Corp. said third- quarter profit rose 27 percent as Australia’s second-largest lender joined Commonwealth Bank of Australia in stemming losses from loans after the financial crisis.

Read more on BusinessWeek

Why are financial institutions/companies struggling when they made extra profit off bad credit loans?

August 1, 2010 by admin  
Filed under Credit Report

Why do they need to be bailed out? A small more than 65% of the American population have a credit score of less than 630 who were approved for uncommon types of loans from financial institutions with a higher interest rate. With all the extra money they’ve received from these people/loans, why are so many companies struggling since they received all the extra money/profit? Did all these people default?

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Wells Fargo 2Q profit rises as bad loans ease

July 25, 2010 by admin  
Filed under Bad Credit Loans

Wells Fargo 2Q profit rises as terrible loans ease
Better payment rates for mortgages, auto loans and credit cards helped lift consumer-focused Wells Fargo & Co.’s second-quarter profit by 12 percent.

Read more on AP via Yahoo! News

US Bancorp profit up; bad loans to keep shrinking

July 23, 2010 by admin  
Filed under Finance

US Bancorp profit up; terrible loans to keep shrinking
U.S. Bancorp’s second-quarter profit nearly quadrupled and its CEO said the amount of terrible loans should shrink in the next quarter, as defaults by consumers and businesses level off.

Read more on AP via Yahoo! News


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