Problem bank list tops 300

The government’s list of troubled banks swelled in the first quarter, climbing to its highest level in nearly 15 years, regulators said Wednesday.
The Federal […]

Air freight slump near bottom

The slump in demand for air freight may have hit bottom, data from an airline industry body showed on Wednesday, but it warned there […]

FDIC: Banking industry lost $32B

The U.S. bank industry posted a net loss of $32.1 billion in the fourth quarter of 2008, according to revised statistics released by the […]

Failed banks for sale…who’s buying?

More banks will certainly fail in the months ahead, but at least regulators shouldn’t have any trouble finding buyers.
Last month, two of the nation’s […]

Long-term Treasurys continue to rally

Prices for long-term U.S. Treasury bonds rose Wednesday, keeping yields at historic lows, as investors digested unprecedented moves by the Federal Reserve.
On Tuesday, the […]

Investors say Morgan Stanley not another Lehman

For U.S. authorities watching from the sidelines as Morgan Stanley struggles with doubts about its survival, letting the investment bank fail is not really […]

Trichet Says ECB Discussed Rate Cut as Growth Slowed

European Central Bank President Jean- Claude Trichet indicated the bank is poised to cut interest rates for the first time in more than five […]

European September Manufacturing Contracts More Than Estimated

European manufacturing contracted more than initially estimated in September as the deepening credit crisis slowed economic growth.
Royal Bank of Scotland Group Plc's manufacturing […]

Oil prices slip on fresh demand worries

Oil prices retreated Friday as the largest bank failure in the nation’s history and uncertainty about the fate of the $700 billion bailout raised […]

Gas prices rise as Ike hits Texas

Gas prices rose for the fourth straight day as Hurricane Ike slammed the Texas Gulf Coast early Saturday morning.
According to a nationwide survey released […]