The bank executives who promised months ago the worst of the financial crisis had passed are looking less and less credible to investors. And that could pose a problem as the industry releases what are expected to be dismal second-quarter earnings over the next few weeks. ...more

July 15, 2008

Lehman Bros. Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss and said the investment bank was too slow in reacting to the credit crisis. ...more

June 17, 2008

Less than a month after losing his chairman post and more than two years after an ill-timed acquisition of California mortgage lender Golden West Financial Corp., Wachovia Corp. said Monday that board members have forced CEO Ken Thompson to retire from the nation's fourth-largest bank. ...more

June 3, 2008

Washington Mutual Corp., hard-hit by the mortgage and credit crises, said Monday it will replace Chief Executive Officer Kerry Killinger as chairman of the board and take other steps to improve corporate governance. ...more

June 3, 2008

Wall Street pulled off a stunning comeback Wednesday, surging higher in late trading and wiping out what looked to be another massive decline. The Dow Jones industrials, down more than 323 points in early trading, ended the day with an advance of just fewer than 300 points. ...more

January 24, 2008

For the past few years, banks that issue credit cards have aggressively wooed affluent customers with lavish perks and fat credit lines. Now, that high-end strategy is coming back to bite the banks: There are growing signs some of those consumers are having a hard time paying their bills. ...more

January 15, 2008

Government-backed investors from the Middle East and China have pumped billions of dollars into U.S. companies this year without stirring the kind of national security concerns that have scuttled previous deals. ...more

November 29, 2007

Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. ...more

November 20, 2007

Citigroup Inc. Chairman and Chief Executive Charles Prince, beset by the company's billions of dollars in losses from investing in bad debt, resigned Sunday and is being replaced as chairman by former Treasury Secretary Robert Rubin. ...more

November 5, 2007

The nation's three largest banks said Monday that they are teaming up to create a rescue fund of sorts - potentially as large as $100 billion - to help bail out troubled global credit markets. ...more

October 16, 2007