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In his first full day on the job, Washington Mutual Chief Executive Officer Alan Fishman pledged to return the Seattle savings-and-loan to profitability even as investors grew more doubtful about its prospects. ...more
September 10, 2008
Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners - it's also expected to save the banks that issued the loans billions of dollars. ...more
July 29, 2008
Last week, Lutz-based banking analyst Richard Bove was in hot demand by media outlets eager to know how safe the nation's banks really are. ...more
July 22, 2008
Customers storming George Bailey's building and loan in the 1946 classic "It's a Wonderful Life" might seem more likely today, given the run on California-based IndyMac this week. ...more
July 17, 2008
Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings to go private. ...more
July 15, 2008
As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail during the next year. ...more
July 14, 2008
The hope at Lehman Bros. is that a management shakeup Thursday will contain the damage of a stunning quarterly loss - yet some on Wall Street fear this is one more step toward a more dramatic outcome for the embattled investment bank. ...more
June 13, 2008
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