Federal Reserve Chairman Ben Bernanke prodded Congress on Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. ...more

October 24, 2009

To a nation reeling from recession and facing long-festering problems, President Barack Obama has a simple reminder: "We are not quitters." ...more

February 25, 2009

Wall Street fluctuated today as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The Dow Jones industrial average shifted between modest losses and gains a day after its record 936-point jump. ...more

October 14, 2008

On Monday, for the first time this October, the Dow Jones industrial average ended the day higher than it began: 963.42 points higher, to be exact, making for the biggest single-day percentage gain in 75 years. ...more

October 14, 2008

News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more

October 9, 2008

The FDIC's agreement to share potential multibillion-dollar losses on Wachovia Corp.'s mortgage loans with buyer Citigroup Inc. is a way for the government to ensure a solution at the least cost to taxpayers, banking experts say. ...more

September 30, 2008

Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators Thursday night in an 11th-hour bid to prevent the largest bank failure in American history. ...more

September 26, 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

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. ...more

August 28, 2008

U.S. banking industry profits plunged by 86 percent in the second quarter and the number of troubled banks jumped to the highest level in about five years as slumps in the housing and credit markets continued. ...more

August 27, 2008