Lehman Brothers is about to report its first ever quarterly loss. The bank will reportedly need billions of dollars of extra capital to beef up its balance sheet. Stephen Beard has more.
Banks are reportedly passing over some community colleges loans, making it difficult for those students to pay. Nancy Marshall Genzer reports why these banks may be shooting themselves in the foot.
The British government has been advising the Chinese on how to set up a private equity industry. London is seeking to pull ahead of New York in forging closer financial ties with Beijing. Stephen Beard reports.
The Securities and Exchange Commission is exploring whether credit-rating agencies that rate security or bond investments should also be required to rank how risky they are. Host Tess Vigeland talks to corporate law professor Eric Talley.
Fidelity Investments wants more of the index fund business, so it's trying to lure customers away from rival Vanguard by taking out full-page newspaper ads boasting that Fidelity has lower expenses. Nancy Marshall Genzer has the story
The yo-yoing of gas prices is dizzying, and one theory points to index speculators as one reason for the price volatility. Economics correspondent Chris Farrell talks to Scott Jagow about whether index and speculators belong together.
The subprime crisis has sent banks and brokers fleeing from mortgage-debt investment that, for many, has turned into huge losses. Now a highly-respected bond manager is betting he'll be able to cash in — with the government's help. Bob Moon reports.
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.
