Texas financier R. Allen Stanford has been found in Virginia and served with legal papers in a multibillion-dollar fraud case. ...more

February 20, 2009

Just showing up counted for a lot. Group of 20 leaders may not have quite rewritten the rules of global finance in a weekend. But they accomplished much by just gathering in such large numbers - both the older economic powerhouses and the newer fast-growing ones - to grapple with the world's financial panic and pledging to work together to contain it. ...more

November 16, 2008

World leaders launched extraordinary summit talks Friday on the economic crisis gripping the globe, searching for ways to limit the current carnage and prevent future calamities. President George W. Bush declared that "billions of hardworking people are counting on us," but the summit's results were likely to be modest. ...more

November 15, 2008

Wall Street launched a massive rebound Thursday, muscling the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks. ...more

November 14, 2008

In France, President Nicolas Sarkozy has loudly proclaimed the need to increase regulation and oversight of financial markets, vowing last week to "refound the global financial system" as part of "an intellectual and moral revolution." ...more

October 27, 2008

After a whirl of emergency meetings, government leaders on both sides of the Atlantic produced bold promises to rescue the global financial system, but were still racing to work out details to calm battered stock markets before they opened today. ...more

October 13, 2008

Home prices. That's what the Bush administration's historic Wall Street bailout is really about. ...more

September 20, 2008

There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. ...more

June 19, 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

'The Panic of 1907' by Robert F. Bruner and Sean D. Carr; John Wiley & Sons Inc.; 258 pages ($29.95) ...more

October 21, 2007