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...

Goldman Sachs or Morgan Stanley could continue to function as an independent investment banks — something competitors including Bear Stearns, Lehman

Goldman Sachs and Morgan Stanley have established their gilded reputations advising companies how to remake themselves, often in hostile env...

Shares in national banks fell across the board in early trading Monday, with Bank of America Corp. and Washington Mutual Inc. pacing the declines

Shares in national banks fell across the board in early trading Monday, with Bank of America Corp. and Washington Mutual Inc. pacing the dec...

UBS and Credit Suisse have joined forces with eight of the globe's biggest banks to create a $70 billion (SFr78 billion) fund designed to bail out??

UBS and Credit Suisse have joined forces with eight of the globe's biggest banks to create a $70 billion (SFr78 billion) fund designed t...

The world's major couterparties on the $US455 trillion derivatives market go into technical default and no one is sure what is going to happen.

The world's major couterparties on the $US455 trillion derivatives market go into technical default and no one is sure what is going to ...

European Central Bank is to pump 30 billion euros into the financial markets to calm them.

European Central Bank is to pump 30 billion euros into the financial markets to calm them. The move follows Monday morning falls on the Euro...

The Fed auctioned $25 billion worth of 84-days loans to banks.

Federal Reserve has auctioned another $25 billion in loans to squeezed banks to help them overcome credit problems.The central bank on Wedne...

China's decision to cut rates points to escalating concerns about a slowdown in economic growth.

Turmoil engulfed global financial markets in the wake of an unprecedented shakeup on Wall Street that saw Lehman Brothers (LEH:Lehman Brothe...

U.S. brokerage firm Lehman Brothers slipped into bankruptcy and venerable investment house Merrill Lynch & Co. was bought out by Bank of America Corp

U.S. brokerage firm Lehman Brothers slipped into bankruptcy and venerable investment house Merrill Lynch & Co. was bought out by Bank of...