25.8% of 182 large retailers are at significant risk of filing for bankruptcy

Wall St. has already provided a list of retailers who may well not make it through 2009. According to The Wall Street Journal, "AlixPar...

Haven Trust Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation

Haven Trust Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Cor...

US has seen the collapse of 25 banks this year, with two entities going belly up on average each month.

Reeling under a recession that's getting worse, the US has seen the collapse of 25 banks this year, with two entities going belly up on ...

Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff

Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff are waiting to hear how much of their stake ...

Two arrests of prominent New Yorkers alleged to be engaged in massive frauds and the arrest of a governor accused of trying to sell a U.S. Senate seat

Two arrests of prominent New Yorkers alleged to be engaged in massive frauds and the arrest of a governor accused of trying to sell a U.S. S...

58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year

58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year since Congress overha...

London analysts said it was "baffling" that Ireland had still not set up a bail-out scheme of its own.

Irish banks, including AIB, Bank of Ireland, Anglo Irish and Irish Life & Permanent, were this weekend worth a combined €8.3bn. In the n...

Russian officials, armed with the third largest forex reserves in the world, are trying to project an image of self-confidence.

Russian officials, armed with the third largest forex reserves in the world, are trying to project an image of self-confidence. They are bla...

State-owned Development Bank, also known as VEB, has been entrusted by the Kremlin to distribute a $50 billion rescue package

Russian billionaires became fabulously rich in the 1990s during the so-called loan-for-shares schemes when they lent money to the state and ...

American Express will notify its card members in the coming weeks that it will initiate a broad-based interest rate hike.

Big-name credit card issuers, including Bank of America, Chase and American Express, are shrinking -- not raising -- some credit limits. And...

European Central Bank's lending to financial institutions surged to a record as it pumped extra cash into the banking system

European Central Bank's lending to financial institutions surged to a record as it pumped extra cash into the banking system to ease a f...

Banks continued to queue up for state aid. In Austria, Erste Group Bank said it will be getting a 2.7 billion euro ($3.4 billion) equity injection

Banks continued to queue up for state aid. In Austria, Erste Group Bank said it will be getting a 2.7 billion euro ($3.4 billion) equity inj...

Bursting of the biggest credit bubble in world history is battering emerging-market powerhouses that only months ago were seen as pillars

Bursting of the biggest credit bubble in world history is battering emerging-market powerhouses that only months ago were seen as pillars of...

Metals magnate Oleg Deripaska to pay off a loan to a group of Western banks

National development bank VEB announced Wednesday that it had approved nearly $10 billion in government bailout credits to Russian companies...

Citigroup and Credit Suisse are so damaged by the financial crisis, it seems, that they've given up underwriting loans to their biggest clients

Citigroup and Credit Suisse are so damaged by the financial crisis, it seems, that they've given up underwriting loans to their biggest ...

U.S. dollar has slid as investors grow more willing to take risks and buy stocks, easing demand for the currency as a safe haven.

U.S. dollar has slid as investors grow more willing to take risks and buy stocks, easing demand for the currency as a safe haven.The dollar ...

Norges Bank, which cut interest rates by 50 basis points on Wednesday to 4.75 percent, has been injecting hefty doses of liquidity

Liquidity management has grabbed the lead role from interest rate policy internationally as central banks grapple with the global financial ...

Barclays shunted hundreds of millions of dollars of toxic mortgage assets into two secretive investment vehicles according to a lawsuit

Barclays shunted hundreds of millions of dollars of toxic mortgage assets into two secretive investment vehicles that it had created itself....

British Bankers’ Association, the industry group, said “commercial realities” made it “inevitable that some businesses will not survive” the recession

British Bankers’ Association, the industry group, said “commercial realities” made it “inevitable that some businesses will not survive” the...

Half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall

Half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall,...

Iceland's central bank chief, recently estimated that foreign creditors would "unfortunately only get 5, 10, 15% of their claims"

German Banks Now Face Big Losses From Their Misadventures in Iceland WSJ German banks have bled billions of euros in the U.S. subprime-mortg...

Main Street Bank of Northville, Michigan bank failed two weeks ago, it had $98 in assets

Main Street Bank of Northville, Michigan. Billed as a "hometown bank", it opened for business in 2004. When the bank failed two w...

crisis in Maine is tied directly to the collapse of Icelandic banks

Maine lobster industry is reeling from a collapse in demand, and subsequent collapse in the market prices, for the deep-sea crustacean. Whil...

Squeezed banks and investment firms are borrowing from the Fed because they can’t get money elsewhere.

Banks borrowed in record amounts from the Federal Reserve’s emergency lending facility over the past week, while investment banks drew loans...

George Bush has defied the leaders of Europe collapse of the US lending markets has cascaded around the globe

George Bush has defied the leaders of Europe, instead calling a G20 summit in Washington for November 15 - the first of several meetings to ...

Bank depositors in the United States are all financially protected against bank failure because the government insures all individuals' bank deposits.

Bank depositors in the United States are all financially protected against bank failure because the government insures all individuals' ...

Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool

Indian Prime Minister Manmohan Singh Friday forcefully asserted that a “massive failure” of regulatory and supervisory powers had led to the...

U.S. bank shares suffered a rocky ride, closing mostly lower amid fears that losses from bad loans will soar because of a deep global recession.

U.S. bank shares suffered a rocky ride, closing mostly lower amid fears that losses from bad loans will soar because of a deep global recess...

US Treasury adds $7.7bn to National City rescue

National City, one of the biggest mortgage lenders in the Midwest, was acquired in a rescue deal yesterday after months of speculation about...

BayernLB, has already appealed for help, and a second landesbank, HSH Nordbank, run by the states of Hamburg and Schleswig-Holstein,

BayernLB, has already appealed for help, and a second landesbank, HSH Nordbank, run by the states of Hamburg and Schleswig-Holstein, said it...

IMF has warned that more European banks face the risk of going bankrupt

IMF has warned that more European banks face the risk of going bankrupt due to the continuing credit crisis and falling property prices. The...

Short sharp recession? Not on the evidence. We are now in the grip of a global deleveraging which will be severe, unsparing and prolonged.

Short sharp recession? Not on the evidence. We are now in the grip of a global deleveraging which will be severe, unsparing and prolonged. I...

Hungary has not had a mortgage crisis yet, but the country’s public finances are a mess.

Hungary has not had a mortgage crisis yet, but the country’s public finances are a mess. Since the accession to the European Union the count...

cost of borrowing in dollars overnight in London rose as the increased likelihood of a global recession spurred banks to hoard cash

The cost of borrowing in dollars overnight in London rose as the increased likelihood of a global recession spurred banks to hoard cash even...

Global market meltdown.central banks of Australia, Britain, Canada, Denmark, Norway, Sweden and Switzerland

Bank of Japan said Monday it was doubling a dollar swap to 120 billion dollars as part of the latest coordinated action by the world's c...

European governments announced a flurry of bank bailouts from Germany to Iceland

European governments announced a flurry of bank bailouts from Germany to Iceland, but the rescue deals only heightened fears that the contag...

National City (NCC, Fortune 500) shares plunged as much as 67% Monday, falling as low as $1.25 each,

National City insists it isn't about to follow in the footsteps of Wachovia and Washington Mutual. But the events of the past week sugge...

Russian stocks fell sharply Monday, joining a broad sell-off in emerging markets

Russian stocks fell sharply Monday, joining a broad sell-off in emerging markets, as tumbling oil prices and mounting worries about the glob...

Turmoil in the European economy undercut the euro and the pound.Hypo Real Estate Holding AG going under

Turmoil in the European economy undercut the euro and the pound. The 15-nation currency fell to $1.4468 in New York, down from $1.4615 on Fr...

1930s style bank run...... collapse of the financial system

OUTCOMES collapse of the financial system 1930s style bank run...... collapse of the financial system The bail out was based on a single as...

Banks have lost faith in the soundness of other banks

Banks have lost faith in the soundness of other banks, so they won't lend each other money. The American people have no faith in their p...

Shares of most large banks and finance firms slumped as the Senate Banking Committee's hearing on the $700 billion Wall Street bailout came to an end

Shares of most large banks and finance firms slumped as the Senate Banking Committee's hearing on the $700 billion Wall Street bailout c...

John Paulson’s hedge fund emerged Tuesday as the biggest short seller of British banks,

John Paulson’s hedge fund emerged Tuesday as the biggest short seller of British banks, The Financial Times reported, citing filings made un...

U.S. Congress is currently reviewing a $700 billion plan

Half the battle with this financial crisis is finding a way to address distress / bad mortgage assets / bonds. The U.S. Congress is currentl...

ICICI will have to take a loss of $28 million and make provisions for this. Tata AIG, by far the most affected Indian company

ICICI will have to take a loss of $28 million and make provisions for this. Tata AIG, by far the most affected Indian company, will have to ...

Washington Mutual, one of the nation’s biggest and most troubled financial institutions, remains locked in a dance with several suitor

Washington Mutual, one of the nation’s biggest and most troubled financial institutions, remains locked in a dance with several suitors, all...

Thousands of Hong Kong savers mobbed branches of Bank of East Asia

Thousands of Hong Kong savers mobbed branches of Bank of East Asia on Wednesday to withdraw deposits, as the bank scrambled to reassure them...

Morgan Stanley and Goldman Sachs Group Inc. led a drop in the cost of protecting bank bonds from default as the U.S. government broadened the scope of

Morgan Stanley and Goldman Sachs Group Inc. led a drop in the cost of protecting bank bonds from default as the U.S. government broadened th...

Banking dead were rising from their graves and financial stock zombies were seen stumbling through the trading day

Banking dead were rising from their graves and financial stock zombies were seen stumbling through the trading day with the disjointed, unce...

U.S. banking bailout moves ahead, WaMu, sickest of the U.S. regional banks

U.S. banking bailout moves ahead, there's a backlash building on two fronts: executive compensation and participation of foreign financi...