More than a year after the financial crisis devastated the U.S. economy and triggered massive taxpayer bailouts, the House of Representatives narrowly approved the most sweeping overhaul of financial regulations since the Great Depression in hopes of preventing a similar catastrophe. ...more

December 12, 2009

Divided over the best way to fight the economic downturn, finance officials of the leading industrial nations agreed Saturday to commit more money to help developing countries, step up efforts to revive bank lending and regulate hedge funds. ...more

March 15, 2009

Since the subprime mortgage troubles exploded into a full-blown financial crisis last year, the three top credit-rating agencies - Moody's, Standard & Poor's and Fitch Ratings - have faced a firestorm of criticism about whether their rosy ratings of mortgage securities generated billions of dollars in losses to investors who relied on them. ...more

December 20, 2008

FEDERAL REGULATION McCAIN: Typically an opponent of government regulations, he has promised tougher ones for the financial industry in response to the current crisis. Though he has not been specific, McCain has said he would reduce the number of federal agencies overseeing banks, thrift institutions and markets to make accountability clearer while imposing tougher capital and disclosure requirements. ...more

November 2, 2008

Shares of troubled banks Washington Mutual Inc. and Wachovia Corp. recovered on Tuesday as investors grew hopeful that American International Group Inc. would receive much-needed funding. ...more

September 17, 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

Credit-rating agencies are betting that the housing downturn will deepen well into next year, dragging out homebuilders' woes. ...more

June 11, 2008