Despite private-equity firms struggling with the credit market clamp down, Blackstone Group still posted a healthy profit last quarter. But Amy Scott reports the company may have more challenges ahead.
Allan Sloan says subprime is too nice a word for the high-risk mortgages that were bundled then sliced and diced and served up to investors. He says maybe they'd have thought twice before buying into garbage mortgages… or maybe not.
Central banks around the world stuffed unprecedented wads of cash into their banking systems to stop last week's global market freefall. It's worked for now, but some in the industry are waiting for more bad news. Stephen Beard explains.
Wall Street's nervous. But what about the rest of us? The ones whose 401Ks and pension plans are invested in funds that have gone bad. Steve Tripoli hit the streets to get people's reactions.
With markets around the world still rocking from the subprime lending debacle, central banks pumped a third of a trillion dollars into the global banking system to increase liquidity. Bob Moon helps us define what that means.
The U.S. subprime mortgage crisis is now sending economic shockwaves around the globe. Major markets are dropping percentage points by the day, but will the fallout spill over and dampen overall economic growth? Debate is raging.
With markets and investors in something of a state of panic, we turn to industry insiders King Penniman and Bill O'Grady to explain what's happening and who's ultimately responsible for this mess.
There's word this morning that the SEC is digging into the books at top Wall Street banks and brokerage firms to make sure they're not hiding any subprime losses. Jeremy Hobson reports.
