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.
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.
A year after a rogue trader took a major bank for millions, another French financial institution is suffering from one big risk-taker. Megan Williams reports on Caisse d'Epargne's case — and France's upcoming bank audit.
The Dutch government announced it will be buying a $13 billion stake into ING and will also take seats on the bank's supervisory board. Stephen Beard reports why the move has astounded analysts.
Another person it's important to have faith in: the one managing your money. Host Tess Vigeland talks to Diahann Lassus about establishing a trusting relationship with your financial advisor.
Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead? London Bureau Chief Stephen Beard reports.
