Merrill Lynch's shotgun sale to Bank of America will create the nation's largest financial services company - one that some say is too big to fail. Still, no one is breathing easy just yet. ...more

September 16, 2008

Lehman Brothers Holdings shares plunged to their lowest level in more than a decade Tuesday amid investor concerns that the battered investment bank is running out of options to raise capital. ...more

September 10, 2008

Freddie Mac on Wednesday posted a second-quarter loss that was more than three times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages. ...more

August 7, 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

A normal U.S. economy is likely to look a lot different, and worse, after the credit crisis is over and financial markets settle down. ...more

May 20, 2008

Billionaire investor George Soros said the "acute phase" of the financial crisis is "largely behind us" even as the U.S. economy is only now starting to feel the effect. ...more

May 8, 2008

Fannie Mae, a key source of mortgage funding, on Tuesday reported that falling home prices and rising defaults contributed to further losses for the government-sponsored company during the first quarter. ...more

May 7, 2008

More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be disappointing. ...more

December 13, 2007

The malaise in the mortgage market is starting to spread to credit-card and auto loans in what one analyst has dubbed consumer credit "contagion." It's an ominous warning signal for the economy. ...more

November 7, 2007