Bank Stocks to Avoid as Credit Worries Mount

Like a pinstripe-clad Roger Daltrey, bank investors were wondering who's next Wednesday after two big banks reported a troubling spike in shaky loans.

Junk-Bond Funds Face Growing Risk of Telecom, Tech Defaults

Credit Quality Issues Rear Their Ugly Heads Again

First Union (FTU Quote) and Bank of America (BAC Quote) shook up the financial sector with cautionary words Tuesday evening about their exposure to risky loans. Given that worries about deteriorating credit quality have hamstrung bank stocks for months, it didn't take long for the sector to wince. First Union shed more than 8% Tuesday; Wednesday, Bank of America dropped 9%, leading a 4% slide in the S&P Bank Index. ...