When Lehman Brothers filed for bankruptcy, sellers of its credit default swaps found themselves on the hook for billions of dollars. New York Bureau Chief Amy Scott reports on the settlement and how much is expected to change hands.
A speculator named William Duer borrowed like crazy in the 1790s to build a fortune. When he went bust, lenders said he was too big to fail. Sound familiar? Author David Liss recounts the story that led to the founding of the NYSE.
Industrial giant Caterpillar is one of a number of companies with lower-than-expected third-quarter earnings. Higher raw-material costs and the global economic slowdown are blamed. Ashley Milne-Tyte reports on earnings reports to come.
Is the Fed encouraging a shakeout in the regional bank sector? Word is the government might allow mid-sized banks to buy weaker rivals with bailout money, instead of issuing loans. Jeremy Hobson checks it out.
Jittery investors pulled half a trillion dollars out of money-market funds in the past few months, tightening up another source of credit. So, it's Fed to the rescue again. Senior Business Correspondent Bob Moon reports.
Half of the $250 billion rescue package has already been invested into banks, and there are reports the other half will be used to help banks buy their weaker rivals. Dan Grech looks into the move.
France announced it's making billions of euros available to its major banks. The government wants the money to go towards credit for businesses and consumers. But Megan Williams reports the cash comes with conditions.
The House is holding a hearing today on new banking regulations, like rules for how much of a cash cushion institutions need to protect against losses. Nancy Marshall Genzer reports where there are disparaging ideas.
It's the deadline for sellers of so-called credit default swaps to settle up. Analysts say some of those sellers could have a hard time coming up with the cash. Amy Scott looks deeper into what that means.
Iceland's set to become the first developed country in more than 30 years to be bailed out by the International Monetary Fund. Stephen Beard reports why a move from the IMF may be viewed as less desirable.
