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.
To get the subprime mess off its books, the Swiss bank UBS is selling $15.5 billion-worth of mortgage-backed securities to private investment firm BlackRock. And it's lending BlackRock $11 billion to do it. Ashley Milne-Tyte reports.
A computer glitch at the Moody's credit-rating service reportedly gave a complicated kind of mortgage-backed security the coveted AAA rating when it should have been rated much lower. And Moody's kept it there for a year. Ashley Milne-Tyte reports.
