The amount of money lost due to fraud on credit and debit cards fell last year by 7% to £341m – its lowest level for 11 years.

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Card fraud falls to 11-year low

The amount of money lost due to fraud on credit and debit cards fell last year by 7% to £341m – its lowest level for 11 years.

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Card fraud falls to 11-year low

Increasing credit line to help underwrite IPO.

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Facebook to Add Banks

The European Central Bank said 800 banks snapped up 530 billion euros, or $713 billion, in new three-year loans, more than the last round, easing fears of a credit crunch.

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European Banks Flock to Second Round of Cheap Loans

Greece kicked off plans Friday to slash its outstanding debts by more than 50 percent, even as a top credit-rating company warn­ed that aspects of the deal could further destabilize Europe’s government bond markets. Read full article > >

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Greece posts debt offer to investors on Web site

Last week, the Christianity police, in the persons of Rick Santorum and Franklin Graham , came forward to discredit the president’s religious beliefs. First, Santorum called President Obama’s theology “phony” ; then, on “Morning Joe,” Graham refused to accept Obama into his Christian band of brothers: “He has said he’s a Christian, so I just have to assume that he is.” Read full article > >

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The religion and politics of division

ATHENS — Add the prospect of running out of oil to the mountain of problems that Greece is already facing. Iran’s threat this week to cut off oil to some European countries ahead of a boycott planned for July would do little harm to the continent’s powerhouse countries. But Greece has been deeply dependent on Iran’s oil, which it purchases on generous terms of credit, crucial when few others trust Greece to ever pay them back. Read full article > >

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Iran oil threat leaves Greece facing crisis on more than one front

To police debt collection and credit reporting.

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Consumer Bureau Names First Targets

Both of their PACs spending thousands to discredit the other.

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Romney, Santorum Hit Each Other With Mich. Ads

As the Obama administration forges ahead this spring with plans to wind down mortgage giants Fannie Mae and Freddie Mac, community banks and credit unions are bracing for the impact. The government-sponsored entities are the most active buyers on the secondary market for residential mortgages, where a growing number of small financial institutions sell the home loans they originate. Private investors remain largely inactive in acquiring mortgages, leaving originators to question how the industry will function without government support. Read full article > >

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Community banks and credit unions brace for end of Fannie, Freddie

Brazzers says no credit card information was leaked.

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Hacker Takes Down Porn Site

Low income families with parents in part-time work could lose about £4,000 a year because of a change in tax credits, Labour says.

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Tax change ‘to cost families £4k’

Facebook took its first steps toward going public this week, and observers think its valuation might be as much as $100 billion. Mark Zuckerberg, its founder, owns 28 percent of the company, so that would instantly making him one of the 10 or 15 richest individuals in America. In this essay from October, 2010, I considered how much credit Zuckerberg deserves for social networking phenomenon that has led to his incredible success. Read full article > >

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Repost: Did social networking need Facebook?

Some banks, using credit-default swaps, are more hedged than others against the possibility of a debt cascade in Europe.

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DealBook: U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom

Credit-default swaps limit their exposure.

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U.S. Banks Ready for European Defaults