With U.S. interest rates set to rise and Europe's likely headed lower, assets on the continent look like a good bet, Goldman Sachs said.» Read More
U.S. government debt prices rallied Wednesday, sending benchmark yields to five-month lows, after weak housing and employment reports solidified bets that the Federal Reserve would cut interest rates this month.
Pending sales of previously owned U.S. homes fell by a surprising 12.2% in July as credit tightened up amid troubles in the housing and subprime mortgage sectors, a real estate trade group said.
Banks need to be more transparent about the distribution of their risk across the financial system in order to restore confidence among investors, Germany's top banker said on Wednesday.
A senior U.S. Treasury Department official warned Wednesday that turmoil in credit and mortgage markets was "far from over" and policy-makers must remain vigilant to the need to protect the broader economy.
The Bank of England broke its silence on Wednesday over the current storm engulfing world financial markets and took steps to bring overnight interest rates down.
Euro zone growth next year could be weakened by the credit crisis triggered by high-risk U.S. mortgage debt, the chairman of euro zone finance ministers, Jean-Claude Juncker, said on Wednesday.
The worst housing slump in 16 years and upheaval in financial markets have cast a shadow on the economy, leading lawmakers to question federal regulators about the path ahead for anxious consumers.
Mortgage-related loans by the Federal Home Loan Bank system to members surged 17 percent in August as "extraordinary events" upset credit markets, the FHLB's office of finance said on Tuesday.
Long-dated U.S. government debt prices slipped Tuesday as data showing U.S. manufacturing expanded in August drew money into stocks and away from bonds.
U.S. banking regulators Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
The market for U.S. student loan asset-backed securities -- rattled already by the troubled mortgage-backed securities market -- expects another hit soon from legislation being finalized in Congress.
Fallout from the U.S. housing slump on mortgage and real estate companies deepened Tuesday, as title insurer First American and subprime lender NovaStar Financial announced job cuts and NovaStar's auditor expressed doubt that the company will survive.
Weakness in the U.S. housing market could trigger an international slide in home prices that depresses the sector for years, a top housing specialist warned central bankers Friday.
Germany's Deutsche Bank said in a surprise trading update Tuesday that it has suffered some impact from recent credit market problems, but said it hasn't made unsecured loans to hedge funds and that its margin calls are being met.
Fire sales worth up to $43 billion could soon spark a flurry of opportunistic investment, according to a recent report from the Royal Bank of Scotland, as the ongoing squeeze in the commercial paper market forces investment banks to liquidate holdings.
Here are the latest video reports from Jackson Hole, Wyo., where Federal Reserve Chairman Ben Bernanke said that the central bank is prepared to act "as needed" to help provide liquidity to the financial system but won't bail out investors who made bad decisions.
Stocks ended another volatile week on a positive note as investors were cheered by President Bush's plan to help distressed homeowners and Fed Chairman Ben Bernanke's stance that the central bank will act as needed to address credit concerns.
Investors should adopt a defensive strategy in September, normally the worst-performing month for stocks, analysts say. "I think that the thing to do is avoid industries that are significantly impacted by credit woes and stick with those companies that won't be affected," Steve Massocca, co-CEO of Pacific Growth Equities, told CNBC.com.
President Bush tried to calm financial markets by announcing proposals intended to prevent homeowners from defaulting on risky mortgages.
U.S. subprime auto lenders say they do not see a rising wave of defaults, but over the past year they have made a number of moves to burnish the scratches and dents in their loan portfolios.