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Banks Credit

  • Homeowners who must restructure their mortgages as they face foreclosure will dodge a tax hit under legislation that passed the U.S. House of Representatives on Tuesday.

  • Britain's biggest buy-to-let lender, Bradford & Bingley, said on Wednesday it was not pursuing a bid for Northern Rock, but declined to comment on a report that it could be interested in parts of the lender.

  • Shares of Centro Properties Group, which owns and manages 700 shopping malls in the United States, rebounded as much as 85 percent on Wednesday after the company reassured investors it was still viable, helping it recover from two days of heavy falls.

  • Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.

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    The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.

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    The Federal Reserve endorsed new rules that would give people taking out home mortgages new protections against shady lending practices.

  • Bad news for financial markets isn't over yet and joint central bank action to ease the credit crunch may not be enough to stop a big slowdown in the world economy, Bank of England Governor Mervyn King said on Tuesday.

  • Hundred Dollar

    A new Goldman Sachs  stock hedge fund could be launched with more than $6 billion, with some investors expecting the fund to attract as much $10 billion, people familiar with the fund said.

  • Britain deepened its involvement in stricken mortgage bank Northern Rock on Tuesday, offering to guarantee more of its liabilities as the struggle to find a private sector acquirer for the business continues.

  • Housing starts and earnings from Goldman Sachs and Best Buy are among the headlines the stock market will care about ahead of Tuesday's open.

  • A U.S. Federal Reserve policymaker is questioning the way the Fed describes risks to the economy in its public statements, The Wall Street Journal Online reported on Monday.

  • Shares in Australia's Centro Properties Group dived by more than 50 percent on Tuesday, a day after losing three-quarters of their value after it said it is having trouble refinancing $1.1 billion in debt.

  • With so many banks being downgraded to "sell," there may be a chance to make some money before the new year.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    With just a week to go before Christmas, investors are facing the unpleasant prospect of a slowing economy and rising prices--the dreaded "stagflation."

  • On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    The U.S. economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday.

  • Australia's Centro Properties Group, which manages U.S. malls with tenants from TJ Maxx to Wal-Mart, warned it is having trouble refinancing $1.1 billion in debt and may have to restructure because of fallout from the U.S. subprime crisis.

  • As we enter the final stretch of 2007, the stock market may temporarily lose some of its violent mood swings and secure gains for the month and the year.

  • Merger and acquisition activity could decline in 2008 from record-high levels set in 2007 in Europe because of the liquidity squeeze that has taken hold of financial markets since August, Piero Novelli, global head of M&A at UBS, told "Squawk Box Europe" Friday.

  • Silvia Wadhwa

    The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.

  • Consumer inflation data is big on Friday's agenda after Thursday's producer prices showed wholesale level inflation surging at the fastest rate in 34 years.