Finance ministers and central bankers should remain vigilant to ensure the smooth functioning of financial markets that have been jarred by a global credit crisis, the International Monetary Fund's policymaking committee said Saturday. ...more

October 21, 2007

Despite losses from souring home loans and tough-to-sell corporate debt, JPMorgan Chase & Co. managed to beat Wall Street's expectations and eke out a 2 percent profit rise in the third quarter. ...more

October 18, 2007

The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults. ...more

September 25, 2007

Treasury Secretary Henry Paulson said Wednesday that the turbulence in financial markets will take some time to be resolved, especially in the area of subprime mortgages. ...more

September 13, 2007

The first significant crack in the economy's foundation appeared when a government report last week showed employers cut jobs for the first time in four years. But what's going to happen next? ...more

September 11, 2007

Homeowners struggling to deal with sharp increases in their adjustable mortgage payments got hit with a record number of foreclosure notices in the spring as the crisis in subprime lending intensified. ...more

September 7, 2007

The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday. ...more

September 6, 2007