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> Libor Rate Drops as Bank of America Adds to Recovery Signs ... May 20/09
 The cost of borrowing in dollars between banks for three months dropped for a 36th day amid signs the recovery in the banking industry is quickening. The London interbank offered rate, or Libor, for such loans decreased three basis points to 0.72 percent, bringing its drop the past four days to almost 14 basis points... cont...
> It's official - The credit crunch is over ... May 20/09
 The London interbank offered rate (LIBOR), the rate at which banks lend to each other, fell to levels last seen in early 2003, and around one quarter the level of 2005 when subprime mortgage defaults rattled the US banking sector and set in chain events that led to the collapse of Lehman Brothers a year later... cont...
> American Express Says U.S. Card Law May Reduce Credit ... May 20/09
 American Express Co. Chief Executive Officer Kenneth Chenault said U.S. legislation to curb credit- card fees may reduce lending to consumers who need it and will hurt competitors more than his company. The impact of the measure, passed by the Senate yesterday, will be more negative than positive for American Express, the largest U.S. credit-card issuer... cont...
> The Bad Guys of Subprime Lending Are Raking in Bailout Billions ... May 20/09
 The top subprime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout money -- including several that have paid huge fines to settle predatory lending charges... cont...
> South Georgia banks and credit unions seeing growth ... May 20/09
 Several locally-owned banks and credit unions in South Georgia are growing and prospering during the recession. They say customers are more comfortable dealing with local institutions. Despite a stark outlook on the national banking picture, DOCO Regional Federal Credit Union says they are growing... cont...
> "Banking crisis over" economist declares ... May 19/09
 "The banking crisis is over," declared the headline in a note Friday from CIBC World Markets chief economist Avery Shenfeld. "Nobody now expects there's another Lehman out there," Shenfeld wrote, referring to the mid-September collapse of U.S. investment bank Lehman Brothers, which jolted financial markets around the world. "Nor will banks be pushed into a fire sale of assets that would depress valuations of like assets on other banks' balance sheets."... cont...
> Credit Card Industry Aims to Profit From Sterling Payers ... May 19/09
 Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees and penalties on those late with their payments, the best customers racked up cash-back rewards, frequent-flier miles and other perks in recent years. Now Congress is moving to limit the penalties on riskier borrowers... cont...
> Street Turns Sweet on Banks, Builders ... May 19/09
 The market is coming around to the view that the worst may be over for banks and homebuilders. As first-quarter earnings, the stress tests, the equity sales, and the other recent concerns of the banking industry grow smaller in the market's rearview mirror, it turns out that Wall Street analysts are starting to take a shine to the battered sector... cont...
> Libor Rate to Extend Drop Amid Signs of Banking-Industry Recovery ... May 19/09
 The cost of borrowing in dollars between banks is poised to extend declines as record low interest rates and signs of a recovery in the banking industry boosted confidence that the thaw in lending will quicken... cont...
> Wherever the Fed goes, credit markets thaw ... May 19/09
 Credit markets are thawing. The headline items - LIBOR (London Interbank Lending Rates) and commercial paper - have improved substantially. But corporate bond spreads, although improved, are still wide. As such, there is a very strong correlation between Fed's asset purchases and the associated credit market's health. It is unlikely that credit markets could stand on their own without continued Fed support at this time... cont...
> Credit-card bill could hit students hardest ... May 19/09
 The credit-card reform bill expected to clear the Senate Tuesday signals big changes in how Americans use credit, but no group will feel the impact of these changes as much as students and consumers under age 21. On the one hand, the new law promises them the same protections it promises to the nation as a whole: more transparency, less-arbitrary rate hikes, fewer surprises in the small print. It also adds special protections for young consumers. But may this may come at a price: less access to credit, especially among young people... cont...
> Quiznos Launches Microloan Initiative to Expand Opportunities for Franchise Owners ... May 19/09
 Quiznos, one of the nation's premier quick service restaurant chains and pioneer of the toasted sandwich, today announced a microloan initiative established to provide funding for current franchise owners seeking to expand their involvement with the brand. The initiative is designed to help mitigate the effects of a difficult lending environment. The microloans are available to existing owners with a strong operational history and are intended to be used for the acquisition of new high-quality sites and the re-opening of existing Quiznos sites... cont...

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