Banks asking for credit card debt forgiveness - International Herald Tribune
WASHINGTON : With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills. Big banks have formed an unusual alliance with consumer

New York Commercial Property Sales Plunge 61% in Credit Freeze - Bloomberg
Nov. 4 (Bloomberg) — New York City commercial real estate transactions plunged 61 percent this year through October as the global credit crisis roiled lending and sidelined buyers. About $17 billion of transactions have closed so far and the market

HIA says rate cut will help support economy - News.com.au
THE Housing Industry Association says the central bank interest rate cut today will help Australia cope with the global financial crisis. It will also support the housing market, which has suffered as consumer confidence had ebbed and domestic