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Top executives of the nation's biggest banks said Friday after meeting with President Barack Obama that they will work with the administration on its economic recovery plans, but want more specifics from the White House. ...more
March 27, 2009
Nearly 100 federal banking regulators descended on Citigroup in New York on Wednesday morning. Dozens more fanned out through Bank of America, JPMorgan Chase and other big banks across the nation. ...more
February 14, 2009
The hemorrhaging among the nation's biggest banks was supposed to have subsided after the government doled out $350 billion in federal bailout money last fall. That hasn't happened. ...more
January 17, 2009
The practice of tax law conjures images of bookish lawyers holed up in an office poring over tax codes - not the stuff of international intrigue. ...more
December 7, 2008
William Sharp, from the offices of Sharp & Associates in Tampa's West Shore business district, finds himself in the middle of the conflict – and in great demand. Some wealthy American taxpayers want to come clean with the IRS. They've hired his firm to help them voluntarily report assets they have in UBS accounts. He and his partners are traveling to Switzerland twice a month to review secret bank records. ...more
December 4, 2008
"United we stand, divided we fall" is a phrase attributed to people as varied as the sixth century B.C. Greek author Aesop and the American revolutionary patriot Patrick Henry. ...more
October 11, 2008
Wall Street's worst fears came to pass Monday when the government's financial bailout plan failed in Congress and stocks plunged precipitously - hurtling the Dow Jones industrials down nearly 780 points in their largest one-day point drop ever. Credit markets, whose turmoil helped feed the stock market's angst, froze up further amid the growing belief that the country is headed into a spreading credit and economic crisis. ...more
September 30, 2008
Bank of America Corp. has become the latest in a string of big banks whose second-quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. ...more
July 22, 2008
A long history of bank bailouts around the world provides some models for what could unfold in the United States as the government becomes more directly involved in fixing a damaged financial system. ...more
July 17, 2008
Senior government officials prepared emergency steps Friday to rescue troubled mortgage giants Fannie Mae and Freddie Mac but stopped short after a campaign of public statements eased immediate concerns about the stability of the institutions. ...more
July 12, 2008
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