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

It is strange but perhaps not unexpected that as oil price soars to record highs, alternative fuel opponents have been beating the drums. They have to beat them pretty hard to drown out the cries of pain at gas pumps around the world. ...more

May 13, 2008

Billionaire investor George Soros said the "acute phase" of the financial crisis is "largely behind us" even as the U.S. economy is only now starting to feel the effect. ...more

May 8, 2008

World economic growth will slow significantly in 2008, but the United States, whose housing downturn is rattling global financial markets, will avoid recession, the International Monetary Fund forecast Tuesday. ...more

January 30, 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

The Supreme Court on Tuesday dismissed a huge lawsuit growing out of the Enron debacle that sought to hold Wall Street bankers liable for scheming with the executives of the defunct Houston energy trader. ...more

January 23, 2008

The credit crisis all but wiped out fourth-quarter earnings at Bank of America Corp. and Wachovia Corp., but the banks did make some money - something that can't be said for Citigroup and other Wall Street financial firms. ...more

January 23, 2008

A downgrade of bond insurer Ambac Financial Group Inc. is likely to have far-reaching effects, making it more difficult for cities to issue new bonds and forcing further write-downs at financial services companies, analysts said Friday. ...more

January 19, 2008

Merrill Lynch & Co. on Thursday recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion worth of write-downs from bad subprime mortgage bets. ...more

January 18, 2008