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- WASHINGTON -- In what could be the biggest bailout since the Great Depression, top government officials and congressional leaders agreed late Thursday to quickly develop a comprehensive plan aimed at defusing the nation's roiling financial crisis ...
- Soaring bank shares reverse footsie slide Credit Crunch: Why ban short-selling? Fed rescue plan buoys Wall Street Shares bounce back as market nerves are eased Britain and US crack down on hedge funds blamed for crisis The bulge-bracket banking ...
- WASHINGTON - Federal Reserve Chairman Ben S. Bernanke and his colleagues decided to keep a key interest rate steady yesterday. They acknowledged that stresses in financial markets have grown, though, and hinted that they stand ready to lower rates if ...
- First of all, it must be stated that although the bank's share price has plummeted dramatically over the past few days, both the bank itself and the City watchdog, the Financial Services Authority , have stated that the bank has more than enough ...
- WASHINGTON— Showing a tough love stance for now, Federal Reserve Chairman Ben S. Bernanke and his colleagues decided to keep a key interest rate steady yesterday. They acknowledged stresses in financial markets have grown, though, and hinted they ...
- Wreckage on Wall Street in recent days did not force the Fed - as some thought possible - to reverse course and cut rates. The Fed left its key rate at 2 percent for the third straight meeting.
- WASHINGTON - Showing a tough-love stance for now, Federal Reserve Chairman Ben S. Bernanke and his colleagues decided yesterday to keep a key interest rate steady at 2.0 percent. But they acknowledged stresses in financial markets had grown and ...
- By now, if you have been watching the news at all you’ve either read or heard all about the bankruptcy of Lehman Brothers and the Sale of Merrill Lynch to Bank of America. Many senior homeowners can find relief in the fact that any of the funds ...
- Sept. 16 (Bloomberg) -- The Federal Reserve is considering extending a ``loan package'' to American International Group Inc. , the insurer facing a cash shortage, according to a person familiar with the negotiations. The stance by regulators is a ...
- To understand how it works, you must first put yourself in the shoes of Bank of America, Countrywide Financial, or any of the many U.S. banks facing big losses on delinquent mortgages. If you are a bank, you probably make loans to people to buy homes ...
- Washington Mutual Inc. shares closed lower Friday, ending an erratic session marked by big gains and steep losses, as the market weighed reports of a possible deal and the bank's assurances that it has enough capital against doubt's raised by two ...
- Washington Mutual Inc. shares bounced around wildly Friday, as the bank's assurances that it has enough capital to survive the credit crisis rallied some investors but failed to impress debt ratings agencies Moody's and Fitch. Jittery investors drove ...
- NEW YORK - Shares of Washington Mutual Inc. wavered Friday morning as the thrift tried to reassure Wall Street that it has enough capital to survive the banking crisis, but credit ratings agencies Moody's and Fitch said they are concerned the bank ...
- WASHINGTON - Four Democratic senators yesterday urged the mortgage companies Fannie Mae and Freddie Mac to temporarily freeze foreclosures on loans they hold. The troubled companies, seized by the government Sunday, should help struggling borrowers ...
- WASHINGTON - Shares of Washington Mutual Inc. staged a late rally Thursday, recouping some of this week’s steep losses as investors pumped money back into the banking sector despite ongoing concerns. The stock jumped 51 cents, or 22 percent, to end ...
- NEW YORK (AP) _ Washington Mutual says it will take another multibillion write-down for bad bets on mortgage securities but insists it has adequate capital to fund its operations amid concern about the thrift's financial stability. The Seattle-based ...
- Washington Mutual Inc. said Thursday it will take another multibillion write-down for bad bets on mortgage securities but insisted it has adequate capital to fund its operations amid concern about the thrift's financial stability. The nation's ...
- Only 2,000 senior citizens across the country have received loans against their houses under the reverse mortgage scheme that has been introduced by various banks this year. Among the 18 banks and two housing finance companies offering the scheme ...
- A drop in mortgage rates that's accelerated since the government said it would take over Fannie Mae and Freddie Mac has raised hopes that more buyers might be drawn into the housing market and help reverse the worst slump in decades. Analysts caution ...
- Sept. 8: Democratic presidential candidate Barack Obama talks with Countdown’s Keith Olbermann about how the McCain/Palin campaign is able to “stretch the bounds of spin into new areas.” Democratic presidential nominee Barack Obama laid the ...
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