Countrywide Credit Industries of Calabasas, Calif. has launched a new financial services unit just 12 months after selling its Countrywide Financial Services unit and the unit's proprietary 16-fund, $1.3 billion mutual fund family to a subsidiary of Western-Southern Insurance Co. of Cincinnati.

Countrywide Credit is a global diversified financial services company which has focused primarily on offering its retail and business customers mortgages, home equity loans, credit cards, insurance and banking services.

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