Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more

October 24, 2009

Two plans to attack the credit crisis are careening into each other. The Obama administration is trying to reignite lending by enticing private lenders to buy the toxic assets that have been stuck on the balance sheets of banks. ...more

March 28, 2009

Just a month or so ago, the stock market plunged because investors did not like Treasury Secretary Timothy F. Geithner's outline of a plan for removing toxic assets from bank balance sheets. This week, Mr. Geithner announced the details and - what do you know? - the market shot up. Obviously, the market's mood swings are not the best indicator of Mr. Geithner's merits or of his plan's. But what's new as of Monday is that we have a fuller basis for evaluating his program. And the best judgment is: It's worth a try, but hardly guaranteed to succeed. ...more

March 25, 2009

Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billion reported last month. ...more

March 21, 2009

When will this wretched economy bottom out? The recession is already in its 15th month, making it longer than all but two downturns since World War II. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American homeowners is in foreclosure or behind on payments. ...more

March 7, 2009

Savoring his first big victory in Congress, President Barack Obama on Saturday celebrated the newly passed $787 billion economic stimulus bill as a "major milestone on our road to recovery." ...more

February 15, 2009

Nearly 100 federal banking regulators descended on Citigroup in New York on Wednesday morning. Dozens more fanned out through Bank of America, JPMorgan Chase and other big banks across the nation. ...more

February 14, 2009

A financial rescue plan that will deploy the balance of $700 billion to spur the flow of credit to consumers and businesses will have to wait another day. ...more

February 9, 2009

Chris Markowski, a nationally syndicated radio host, calls himself the "Watchdog on Wall Street." ...more

February 7, 2009

The day before President-elect Barack Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. ...more

January 20, 2009