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U.S. banks borrow record amount from Fed
Banks borrowed in record amounts from the Federal Reserve's emergency lending facility over the past week, while investment banks drew loans at a brisk -- though slightly lower -- pace, fresh proof of the credit problems gripping the country.
Activities:2007 Global Credit Crunch
2008-10-09
US regulator says flawed oversight fed financial crisis
WASHINGTON (AFP) - The head of the US financial regulator SEC has blamed a voluntary monitoring program for major investment banks as a cause of the global financial crisis and said he was shutting the program down.
Activities:2007 Global Credit Crunch
2008-09-27
Morgan Stanley, banks rush to complete deals
NEW YORK - Wall Street entered into another round of speed dating, with bankers representing Morgan Stanley and Washington Mutual scrambling to put together deals in the biggest realignment of the financial industry since the 1930s.
Nations:U.S. Germany People:Charles Schumer Alan Greenspan Activities:2007 Global Credit Crunch
2008-09-18
Stocks surge on report of entity for bad debt
NEW YORK - Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banks' bad debt. The report also cooled investors' fervor for safe investments like government debt that were in demand for much of the day.
Nations:Germany Japan France People:Henry Paulson Activities:U.S. Markets
2008-09-18
Financial Stocks: Is It Safe Yet?
It wasn't hard to find skeptics on Wall Street on Sept. 8, the day after the federal government's weekend takeover of mortgage giants Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News).
Nations:U.S. Activities:U.S. Markets
2008-09-14
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Matches Shown: | 1-50 | 51-100
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