Banks borrowed in record amounts from the Federal Reserve's emergency lending facility over the past week, but investment banks drew loans at a slightly lower, but still brisk, pace. ...more

October 24, 2008

The woes of Wall Street have caught up with the crisis on Main Street. ...more

September 22, 2008

Financial advisers and brokers in the Tampa Bay area found themselves caught up in the turmoil of Wall Street this week as anxious clients called looking for help making sense of the breathtaking sweep of events. The tumult culminated Friday with a federal government plan to cleanse banks of the bad mortgages that had touched off a world financial crisis. The government plan ignited a two-day rally on Wall Street on Thursday and Friday that erased shattering losses earlier in the week when insurance giant AIG, swept up in the mortgage mess, teetered on bankruptcy. ...more

September 20, 2008

WASHINGTON - Eager to show that he feels people's pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets. ...more

September 18, 2008

A day after he dismissed a federal bailout for American International Group, Republican John McCain announced Wednesday that circumstances had forced him to shift his position and that he supported the proposed $85 billion rescue of the insurance giant. ...more

September 18, 2008

The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group Inc., offering a respite from two days of chaos in the American financial system. ...more

September 17, 2008

Florida insurance regulators said late today that they plan to reject State Farm's request to increase home insurance rates an average of 47.1 percent statewide. ...more

August 25, 2008

After being barred by state regulators from seeking new business and losing its appeal in state court, Allstate Corp. agreed on Friday to settle its dispute with Florida regulators. ...more

August 16, 2008

Allstate Corp. has agreed to lower home insurance rates in Florida more than 5 percent in the next 30 days and add 100,000 homeowner policies in the next three years under a settlement with state regulators announced late today. ...more

August 15, 2008

State Farm Florida wants to raise home insurance rates nearly 50 percent statewide, but its proposal is loaded with excessive costs and profits, Florida's consumer advocate said Tuesday. ...more

August 13, 2008