The market skidded into a ditch this morning, with the Dow Jones Industrial Average opening below 7,000 following a global selloff overnight in Japan and Europe. Mid-morning it continued to slide, down around 3...
Talk of bank nationalization is heating up. The Wall Street Journal, and The Financial Times report that the government may take up to a 40 percent stake in Citigroup, citing unnamed sources close to the negotiations...
Yet another banking-chief head may be set to roll. Bank of America CEO Ken Lewis was subpoenaed by New York State Attorney General Andrew Cuomo late last week. Cuomo is looking into whether Bank of America withheld...