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CNN
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Shares in troubled mortgage lender Northern Rock rose on the London Stock Exchange on Tuesday, following the British government's vow to guarantee all its savings deposits. However, worried people were still queuing up at banks in the UK before opening ti..
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MSNBC
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Major central banks swept in to calm credit markets spooked by mounting losses on Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.
President George W. Bush also sought to calm fe..
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CNN
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Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy.
Judge Cesare Tacconi issued the indictments against Citigroup Inc., UBS AG, Deutsche B..
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Washington Post
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A federal appeals court yesterday thwarted attempts by a group of Enron investors to sue investment banks over their role in the Houston energy trader's collapse, giving Wall Street a powerful weapon to defend itself against future claims.
The decision..
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BusinessWeek
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Prosecutors are probing whether two hedge fund managers misled banks as well as investors
Federal prosecutors may not be done with former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin, who were charged on June 18 with lying to invest..
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BusinessWeek
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The recent stream of implosions is the least of the big banks' worries. Money still seems to be pouring into such investment channels
Large hedge funds at prestigious global banks seem to be blowing up routinely. But that doesn't mean the world's large..
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BusinessWeek
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Though rates have dropped dramatically, some online banks are offering as much as 3.5% for savings accounts. It pays to look around
Peter Profesda admits he's a rate-chaser. The teacher of computer classes at a two-year college in New York spends a few..
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BusinessWeek
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Small investment banks including Allen & Co., Moelis & Co., and Qatalyst Group are joining big houses to advise on high-profile deals
A new breed of boutique investment bank is making its mark on the merger-crazed tech industry. Unlike the niche securi..
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BusinessWeek
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Supporters say Bernanke needs flexibility, while critics worry taxpayers could be stuck bailing out banks
For a central banker, the most important parts of the job can be the most arcane. Federal Reserve Board Chairman Ben S. Bernanke drew few headline..
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BBC News
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Lehman Brothers, one of America's largest investment banks, is selling $3bn (�1.5bn) of new shares to bolster its balance sheet.
Lehman has been beset by speculation it might face similar problems to rival Bear Stearns, which almost collapsed earlier..
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BBC News
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European and Asian stock markets have fallen heavily in reaction to the emergency bailout of US investment bank Bear Stearns over the weekend.
London's FTSE 100 index was down 2.5%, in Paris the Cac 40 slumped 2.6% and Frankfurt's Dax fell 3.4%.
Eur..
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BusinessWeek
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The central bank announced a quarter-point cut to the discount rate and a new financing facility for investment banks on Mar. 16
The Federal Reserve announced a series of steps Mar. 16 to help provide relief to a spreading credit crisis that threatens..
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BBC News
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European and Asian share indexes rose after the world's biggest central banks promised to inject billions of dollars of cash into global financial markets.
London's FTSE 100 index was 1.1% higher, France's Cac 40 added 1.4% and Germany's Dax rose 1.1%...
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BusinessWeek
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The new initiative, in which six major lenders agree to delay foreclosure in some cases, represents business as usual for the banks, and little relief for homeowners
As the foreclosure mess worsens, there's mounting public pressure for stronger action..
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BusinessWeek
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If a major bank slips into deep trouble, Uncle Sam may have to help save it
It's the question bank regulators dread: Should they bail out a crucial bank if it collapses?
With economic and market conditions sliding precipitously, risk is rising fast..
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MSNBC
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Business leaders appealed for more leadership from U.S. and other central banks to head off an economic downturn on Wednesday, with some accusing policy makers of losing their grip and their nerve.
As shares in Europe fell heavily again on Wednesday on..
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BusinessWeek
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Even banks that dodged the subprime bullet face losses from loans based on homes now at risk
Subprime mortgages have taken a lot of blame for banks' big losses. But there's another problem lurking behind the mess: home-equity lending.
Buoyed by risi..
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BBC News
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The European Central Bank has allocated 348.67bn euros to banks at a below-market rate in a refinancing move to ease tightened credit markets.
It is one of five central banks that have injected billions in emergency cash into money markets.
The aim..
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CNN
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Oil prices fell slightly Thursday in Asia after a jump the previous session on unexpected declines in U.S. crude stocks and following the Federal Reserve's announcement of a plan to help banks through the credit crisis. The almost five percent surge Wedne..
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MSNBC
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Clinton said mortgage lenders and brokers who lowered underwriting standards also deserved blame for the housing market mess, as were regulators who failed to provide adequate oversight. And she pinned some of the responsibility on ratings agencies for g..
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