Banks Are Running Out of Options
Now, Treasury Secretary Henry Paulson is formulating a plan that could essentially nationalize a large part of the U.S. banking system.
Related Topics: Banking-Credit | Markets | Banks | Financial Services | Bonds/Economy | Bearish Bet
01:33AM 10/10/08
U.S. Considers Backing Bank Debt: Report
The moves by the U.S. goverment would represent the government's most extensive intervention yet in the financial system, the Wall Street Journal reports.
Related Topics: Bonds/Economy | Banks | On the Brink | Markets
01:17AM 10/10/08
Five Dumbest Things on Wall Street: Oct. 10
Answers to our credit-crisis quiz about banking, bailouts and bankruptcies.
Related Topics: Market Commentary | Financial Services | Insurance | Banks
12:09AM 10/10/08
Car and Limo Service Avoids Market Potholes
Corporate Transportation Group's main clients are banks and law firms -- all hit hard in this economic crisis. President Eddie Slinin tells Alix Steel how he stays on top of the competition and never loses hope.
Related Topics: Banks | Technology | Autos | Small Business | Financial Services
07:03PM 10/09/08
Stocks sank precipitously in the final hour of trading Thursday, and tight credit markets and pessimism about the financial sector sent the Dow Jones Industrial Average well below the 9000 mark.
Related Topics: Media | Financial Services | Internet | Banks | Software | Retail | Telecom | Energy | Insurance | Technology | Real Estate | Consumer Goods | Biotech | Markets
05:15PM 10/09/08
Financial Winners & Losers: Goldman
Goldman Sachs and Morgan Stanley were among the worst performers in the group.
Related Topics: Winners & Losers | Banks | Financial Services
04:05PM 10/09/08
Marek Fuchs demonstrates how good news and bad news on IBM cancelled each other out and how too many media outlets ignored the great news.
Related Topics: Technology | Banks | Energy | Media | Semiconductors | Software
03:14PM 10/09/08
Pent-Up Shorts Ravage Regional Banks
Regional bank stocks took a nosedive on Thursday as the short-selling ban was lifted and pessimistic comments regarding the sector continued to hang in the air. National City was an outlier, as the bank's stock was buffeted by rumors of a sale.
Related Topics: Financial Services | Markets | Banks | Banking-Credit | Bearish Bet | Bonds/Economy
02:02PM 10/09/08
Dan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money. Today's stocks include Chicago Merc, Charles Schwab and Quanta Services.
Related Topics: Chart Smarts | Energy | Technology | Media | Software | Financial Services | Banks | Industrials | Telecom
08:10PM 10/08/08
Stock Futures Hint at Higher U.S. Open
Bolstering sentiment was a report the U.S. Treasury may take equity positions in U.S. banks, and encouraging earnings from IBM.
Related Topics: Bonds/Economy | Banks | Insurance | Technology | Market Commentary | Energy/Commodities | The Market Story | Markets | Financial Services
06:51AM 10/09/08
Market Holds Vigil After Rate Cuts
Stocks were scattered and credit markets marginally improved Wednesday after eight central banks worldwide collaborated on rate cuts, but their longer-term effect on the economic crisis is far from certain.
Related Topics: Markets | Financial Services | Banking-Credit | Banks | Bonds/Economy | Bearish Bet
04:59AM 10/09/08
National City in Talks for Sale: Report
Among the potential buyers for the regional bank are PNC Financial and Bank of Nova Scotia, according to a media report.
Related Topics: M&A | Financial Services | Banks
01:58AM 10/09/08
Citi, Wells Fargo Extend Wachovia Truce
Citigroup and Wells Fargo agreed to extend a freeze to litigation through Friday morning as they work on a compromise over their competing bids for Wachovia.
Related Topics: Financial Services | Banks | On the Brink | M&A
01:39AM 10/09/08
Treasury Mulls US Bank Ownership: Reports
Treasury says the $700 billion bailout bill gives it the right to take ownership positions in banks, according to media reports.
Related Topics: Banks | Financial Services
01:10AM 10/09/08
Morgan-Backed Casino May Have Funding Gap
A spokesman says the firm's exposure to the project is not material, but Morgan doesn't need another headache right now.
Related Topics: Banking-Credit | Financial Services | Banks | Bearish Bet | Bonds/Economy | Markets
06:07PM 10/08/08
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