Welcome to CreditPulse
CreditPulse is an online journal for credit, accounting and finance professionals that provides in-depth coverage, analysis and perspective in specific areas of credit management, accounting and credit markets. In addition, CreditPulse monitors the credit standards and other performance-related credit and accounting benchmarks of public companies through its proprietary Credit Standards Index (CSI).
Using large majorities in both chambers of Congress, Democrats finally succeed in pushing through a 2,300-page financial reform bill that dramatically increases the government's role in banking, regulation, credit markets and consumer lending. Trading profitability for safety.
The recent trouble at KV Pharmaceutical Company, a specialty drug company near St. Louis, Missouri, illustrates the high costs and risks associated with the industry and the importance of internal controls.
The U.S. Senate passed its version of Wall Street reform last week by a vote of 59-39 in a complex 1616-page bill that gives massive new powers to the Treasury, Federal Reserve and FDIC in addition to creating five new oversight bodies. It is still unclear if the bill ends "too big to fail."
With the nation of Greece in financial turmoil, CreditPulse takes a look at some Greek companies that aren't faring much better than the country itself when it comes to debt and credit risk.
A closer look at the Mediterranean nation of Greece - a country that garnered little attention before its financial crisis - reveals how a combination of spending, debt and lack of growth have brought the world's oldest democracy to the brink of insolvency.
Narrowing of credit spread indicates the relationship between price and risk of low-risk government bonds and high-risk junk bonds is once again reaching pre-credit crisis levels.
The 2009 financial results for ArcelorMittal, the world's largest steel manufacturer with operations and customers in 177 countries, illustrate the true depths of the global recession, according to the company's recently released annual filing. Global GDP declined 2.0 percent.
The U.S. economy grew by a whopping 5.9 percent at the end of 2009 in a volatile turnaround after beginning the year down 6.4 percent. Manufacturing rebounded significantly, but consumer spending remains low. U.S. GDP is $14.46 trillion.
