The SEC wants to know why ratings agencies Fitch, Moody's, Standard & Poors gave AAA ratings to mortgage bonds that turned out to be junk. Some blame increased competition for a loss of objectivity. Amy Scott reports.
Wall Street may have helped get us into the credit crunch, but many of its employees are paying the price. In this installment of our continuing series, we see how the crunch affected one mortgage-backed securities broker.
When Rick Snow's go-kart business was struggling with the slow economy, he made some changes with the help of a loan -- and came face-to-face with the credit crunch. Amy Scott has this first story of a new series.
Think having bad credit is rough? There are some 50 million people in the U.S. who have no credit. But that doesn't mean they can't get on the record. Amy Scott tells us how one person did and how you can, too.
Over the centuries, thousands of ancient treasures have left Egypt -- either with official blessings or by smugglers. Now Egypt is stepping up its efforts to reclaim and safeguard its antiquities. Amy Scott reports.
Battered Citigroup has raised money from investors, laid off employees and sold off chunks of the business. It wasn't enough. Today the company announced it would sell off $400 billion in assets. Amy Scott has more.