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Lehman Bros. Holdings on Monday confirmed fears on Wall Street that the credit crisis isn't quite over, and it left investors to wonder whether other major investment banks face the same set of risks. ...more
June 10, 2008
Morgan Stanley, Merrill Lynch & Co. and Lehman Bros. Holdings Inc. plummeted in New York trading after Standard & Poor's lowered credit ratings for the investment banks, saying they may have to book more write-downs on devalued assets. ...more
June 3, 2008
Federal authorities, responding to the subprime-mortgage crisis, have formed a task force to determine whether lenders or Wall Street firms participated in fraud. ...more
May 6, 2008
Regulators are trying to punish Wall Street for mortgage finance practices that not only expanded home ownership and spread risk among a host of new players - but also may have duped borrowers and investors who supplied cash to fuel a housing boom that has turned bust. ...more
February 19, 2008
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers. ...more
January 30, 2008
Authorities in New York and Connecticut are investigating whether Wall Street banks hid crucial information about high-risk loans bundled into securities that were sold to investors, Connecticut's Attorney General said Saturday. ...more
January 13, 2008
This might have been one of Wall Street's most dismal years in a decade, but that hasn't stopped bonus checks from rising an average of 14 percent. ...more
December 22, 2007
If you want to know how much of your pension fund is invested in mortgage-backed securities, you'll have to ask the fund manager. ...more
December 11, 2007
Battered by the subprime mortgage crisis, Bear Stearns Cos. on Wednesday cut 4 percent of its staff in a move that could prelude a final push by investment banks to cull their ranks before bonuses are handed out. ...more
November 29, 2007
A resume and a brief job interview can't answer the question that matters most to a new hire's co-workers: Is this person an absolute pain? ...more
November 7, 2007
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