As Americans see their home prices plunge, bills climb and credit lines shrink, they are swiping their credit cards less and their debit cards more - and Visa and MasterCard are still raking in the fees. ...more

August 1, 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

Citigroup has become the latest big bank to assuage Wall Street's worries about the financial sector, posting a $2.5 billion second-quarter loss that was smaller than the market expected. ...more

July 19, 2008

The bank executives who promised months ago the worst of the financial crisis had passed are looking less and less credible to investors. And that could pose a problem as the industry releases what are expected to be dismal second-quarter earnings over the next few weeks. ...more

July 15, 2008

Lehman Bros. Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss and said the investment bank was too slow in reacting to the credit crisis. ...more

June 17, 2008

Washington Mutual Corp., hard-hit by the mortgage and credit crises, said Monday it will replace Chief Executive Officer Kerry Killinger as chairman of the board and take other steps to improve corporate governance. ...more

June 3, 2008

Less than a month after losing his chairman post and more than two years after an ill-timed acquisition of California mortgage lender Golden West Financial Corp., Wachovia Corp. said Monday that board members have forced CEO Ken Thompson to retire from the nation's fourth-largest bank. ...more

June 3, 2008

Wall Street pulled off a stunning comeback Wednesday, surging higher in late trading and wiping out what looked to be another massive decline. The Dow Jones industrials, down more than 323 points in early trading, ended the day with an advance of just fewer than 300 points. ...more

January 24, 2008

For the past few years, banks that issue credit cards have aggressively wooed affluent customers with lavish perks and fat credit lines. Now, that high-end strategy is coming back to bite the banks: There are growing signs some of those consumers are having a hard time paying their bills. ...more

January 15, 2008

Government-backed investors from the Middle East and China have pumped billions of dollars into U.S. companies this year without stirring the kind of national security concerns that have scuttled previous deals. ...more

November 29, 2007