The Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis. ...more

May 6, 2008

The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices. ...more

January 23, 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

An internal audit warned last year that the state board that invests local government money should have a special committee to review overall risk in the agency's investments, and that it was relying on too few brokerages when buying securities. ...more

January 4, 2008

It's obvious mistakes were made with the state's purchase of risky mortgage-backed investments. Heads have rolled. But now that the dust is settling, it's unfair and probably illegal to punish counties such as Hillsborough that didn't rush to withdraw all their money. ...more

December 21, 2007

Auditors investigating last month's run on an investment fund for local governments need to scrutinize Florida's $137 billion pension fund as well, the fund's top administrator said Wednesday. ...more

December 13, 2007

Withdrawals from Florida's local government investment pool appear to be settling down, a financial firm said Tuesday, as the board that oversees the fund continued to push for answers about how the pool was hit by a multibillion-dollar run last month. ...more

December 12, 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

Washington Mutual, the nation's largest savings and loan, said Monday that problems in the mortgage and credit markets are forcing it to close offices, lay off more than 3,000 workers and set aside up to $1.6 billion for loan losses in its fourth quarter. ...more

December 11, 2007

Local governments withdrew $1.2 billion in less than four hours on Thursday when a state-run investment pool reopened for the first time in a week. ...more

December 7, 2007