Hartford Financial Services Group Inc. and Lincoln National Corp. won approval to buy lenders, a step by the insurers toward getting investments from the U.S. government, the Office of Thrift Supervision said Friday. ...more

January 10, 2009

$266.9 billion Amount the Treasury Department has disbursed from the $700 billion financial rescue program, according to an announcement Thursday ...more

January 9, 2009

Crisscrossing the country in corporate jets may no longer fly in Detroit after car executives got a dressing down from Congress. But on Wall Street, the coveted executive perk has hardly been grounded. ...more

December 21, 2008

Bernard Madoff's amazing Ponzi scheme has put him in a league of his own, for now. He shouldn't be alone for long. ...more

December 20, 2008

Now that American taxpayers have committed hundreds of billions of dollars to save the banking system, it's appropriate to assess what they are getting for their investment. ...more

November 1, 2008

A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan from the Federal Reserve. ...more

October 16, 2008

WASHINGTON - Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday. ...more

October 7, 2008

The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more

October 7, 2008

WASHINGTON - A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies said Monday. ...more

September 29, 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