With the U.S. government unwilling to help CIT, the small to mid-size business lender has given its debt-holders 24 hours to come up with $2 billion in emergency financing — or else. Mitchell Hartman explores the consequences of not paying up.
Research firm Dun & Bradstreet is predicting a 60% increase in bankruptcies in the U.S. — bad news for most people, but good news for a class of investors named after a certain scavenging bird. Kai Ryssdal talks to "vulture investor" Mark Sorensen.
The California Public Employees' Retirement System, or CalPERS, is suing the country's three largest credit-rating agencies for "negligent misrepresentations." But the First Amendment is likely to come into play. Bob Moon reports.
Rather than fight increased regulation, some hedge funds and other investment firms are starting to embrace it. Amy Scott looks into the thinking behind the culture change and what will be involved in the clamp-down.
Goldman Sachs had a hand in creating the financial crisis, but now the company is reporting a $3.3 billion profit for the last quarter. Seems there's money to be made in repairing the damage. Bob Moon reports.
The U.S. Justice Department is reportedly investigating a multitrillion-dollar financial market in London involved with credit-default swaps. Stephen Beard reports why this probe could be the start of a crackdown.
One reason for the success of financial institutions like Goldman Sachs is the emphasis on high-frequency trading. Jill Barshay explores how fast technology can provide a cutting edge in the marketplace.
The government has already given business lender CIT $2 billion in TARP money, why won't it continue to help shield it from failure? Bill Radke talks to Edward Hadas with the financial commentary Web site BreakingViews.
Congress met with regulators and government officials this weekend to come to a decision over CIT, a lender specializing in business financing. The banking group's troubles could have some major ripple effects. Mitchell Hartman reports.
