FDIC Chief Sheila Bair: Big Banks Still Aren't Lending Enough
NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enou...
NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enou...
The Huffington Post | Ryan McCarthy | Posted 11.02.2009 | Business
For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...
wsj.com | MEREDITH WHITNEY | Posted 10.02.2009 | Business
Since the onset of the credit crisis over two years ago, available credit to small businesses and consumers has contracted by trillions of dollars, an...
wsj.com | VICTORIA E. KNIGHT | Posted 08.22.2009 | Business
he troubles at CIT Group Inc., a key lender to small businesses, underscore the importance of developing back-up plans for borrowing. CIT's financi...
baselinescenario.com | Elizabeth Warren | Posted 08.21.2009 | Business
Elizabeth Warren, the chair of the Congressional Oversight Panel and a professor at Harvard, has been on a mini-media blitz of late. Yesterday, she re...
Alan Schram | Posted 06.22.2009 | Business
Credit markets may not be completely healed, but they are in much better shape than they were three months ago.
bloomberg.com | Shannon D. Harrington | Posted 06.07.2009 | Business
May 7 (Bloomberg) -- Junk-bond investors who have spurred the biggest rally on record are getting ahead of the recovery as the rate of company failure...
Arianna Huffington | Posted 05.21.2009 | Business
With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE
AP | CARLO PIOVANO | Posted 12.25.2008 | Business
LONDON — Dollar lending rates between banks rose Monday despite the announcement of a U.S. plan to rescue troubled lender Citigroup Inc. The ra...
Mort Zuckerman | Posted 11.22.2008 | Business
The danger is that politicians, who have little understanding of the financial world, may draw the wrong conclusions from Wall Street follies and make the wrong decisions as they try to revive our financial system.
Diane Francis | Posted 11.21.2008 | Business
The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day.
Henry Blodget | Posted 11.15.2008 | Business
The government's seizure of stakes in nine banks was designed to finally return the credit markets to some semblance of normal, so consumers and businesses can get access to money again. Unfortunately, we're still waiting.
Nouriel Roubini | Posted 11.11.2008 | Business
It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.
BusinessWeek | Ben Levisohn | Posted 10.31.2008 | Business
With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around t...
Diane Francis | Posted 10.17.2008 | Business
America's biggest substance abuse problem is money. Like a crack addict in charge of the drug squad, Washington did little to nothing to control the a...
Eben Esterhuizen | Posted 03.28.2008 | Business
A bear market is only possible if there is a consensus that a financial crisis is significantly worse than ever before. And that is why we are currently in a bear market.
New York Times | Jenny Anderson | Posted 03.28.2008 | Business
Wall Street banks are bracing for another wave of multibillion-dollar losses as the crisis that began with subprime mortgages spreads through the cred...
Bloomberg Via NYP | Posted 03.28.2008 | Business
US credit markets are trading as if the economy is in a recession because investors' "fear has overwhelmed greed," Goldman Sachs Group Inc. Chief Fina...
AP | JEANNINE AVERSA | Posted 03.28.2008 | Business
Many U.S. banks have made it harder for creditworthy borrowers to get a mortgage, according to a Federal Reserve survey released Monday that underscor...
AP | STEPHEN BERNARD | Posted 03.28.2008 | Business
With credit markets continuing their downward spiral, investors could see their dividends disappearing in 2008. Dividend cuts or suspensions will co...
Washington Post | Neil Irwin | Posted 03.28.2008 | Business
The housing market is tanking, the credit markets are in crisis, and economists fear that a recession could be on the way -- but in November at least,...
New York Times | VIKAS BAJAJ and FLOYD NORRIS | Posted 03.28.2008 | Business
A day after the Federal Reserve disappointed investors with a modest cut in interest rates, central banks in North America and Europe on Wednesday ann...
AP | STEVENSON JACOBS | Posted 11.11.2009 | Business