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Talk to business owners, though, and the picture is a lot more complicated. A poll conducted at the end of last year by the National Federation of Independent Business, a small-business trade group, found that companies were overwhelmingly more concerned about slow or declining sales than access to credit...
In Austin, Texas, Edward Lette, CEO of the Business Bank of Texas, is scouring the business community for companies to lend to. He's not having much luck. "I'm struggling to find qualified credits," says Lette. "Many times, people come in and apply for loans, but it's not...
But in many ways, the tightened credit make sense. We are living in the aftermath of the greatest credit bubble since the Roaring '20s, after all. Standards were too loose and had to change. At the same time, problems at many banks are contributing to the new, more conservative lending...
Germany's boardrooms have long been a cherished male preserve. But that's about to change at one of the country's biggest companies, Deutsche Telekom, which has just unveiled a radical new plan to fast-track more women into management roles. By 2015, the company has mandated that 30...
These statistics are unacceptable to many German women, who applaud Deutsche Telekom's attempts to level the playing field. But the initiative doesn't mean the telecom giant has gone soft and discovered feminism - the company says the move just makes good business sense. Women comprise around 60% of all...