Deutsche Bank Loses EU100 Million on Credit Rout, Person Says (Bloomberg.com)

These types of card products require a security deposit and provide a credit limit initially equal to the amount of that deposit. Over time the issuer will extend the credit line beyond the deposit amount as the cardholder demonstrates good repayment behavior.

Deutsche Bank Loses EU100 Million on Credit Rout, Person Says (Bloomberg.com)

Aug. 20 (Bloomberg) -- Deutsche Bank AG, Germany's biggest bank, abandoned some of its trading strategies after losing more than 100 million euros ($135 million) in the past month because of credit-market turmoil, according to a person with direct knowledge of the decision.

Federal Home Loan Bank System opening cash spigots to mortgage lenders in credit squeeze (The Daily Record)

WASHINGTON - The Federal Home Loan Bank system has increased low-cost lending to financial institutions in an effort to bolster credit stability.

National Bank tries to help credit squeeze (CTV.ca)

National Bank (TSX:NA) is acquiring about $2 billion worth of commercial paper, or short-term loans, to help ease the credit squeeze in financial markets.

Capital One and the mortgage domino effect (CNN Money)

Capital One's shuttered GreenPoint Mortgage is the latest mortgage banking explosion to bump Wall Street's panic meter up a notch and industry insiders say, and it is just another indicator that retail banks will be stung by the credit mess they helped create.

Panic eases, credit woes persist (CNN Money)

The Federal Reserve's move to encourage bank lending last week has helped ease some of the panic in financial markets, but the underlying problems that led to the seizing up of credit are still there - and won't disappear overnight.

Capital One to shutter GreenPoint Mortgage (UPI)

U.S. bank holding company Capital One Financial Corp. said Monday it would shut down its GreenPoint mortgage unit that specialized in "non-conforming" loans.

Capital One Slashes 1,900 Jobs (CBS News)

Capital One Financial Corp. said it will cut 1,900 jobs and shutter its wholesale mortgage banking business, a move that comes as lenders continue to struggle through a credit crunch in the nation's housing market.

Capital One to cut jobs, close mortgage business (The Providence Journal)

GreenPoint Mortgage had served borrowers with slightly better credit than subprime borrowers. Capital One will continue to sell other mortgages.

Capital One cuts 1,900 jobs, closes wholesale mortgage business (The Daily Comet)

Capital One Financial Corp. said Monday it will cut 1,900 jobs and shutter its wholesale mortgage banking business, a move that comes as lenders continue to struggle through a credit crunch in the nation's housing market.

National Bank to Buy Back C$2 Bln Commercial Paper (Update1) (Bloomberg.com)

Aug. 20 (Bloomberg) -- National Bank of Canada, the country's sixth-largest bank, agreed to buy back C$2 billion ($1.89 billion) of asset-backed commercial paper owned by its clients after a global credit crunch froze the commercial paper market in Canada.