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Stocks Tank as Recession Declared

Investors were in full retreat yesterday, sending stocks tumbling after a panel of economists confirmed that the country has been in a recession for about a year.

Posted to washingtonpost.com (Weblog) by Anonymous on 12-01-2008
Battered Citigroup Strives To Strengthen Confidence

A defiant Citigroup proclaimed itself in good health yesterday even as its stock price completed a one-week, 60 percent swan dive, highlighting renewed investor concern about the long-term prospects of the nation's largest banks.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-21-2008
China Tops Japan in U.S. Debt Holdings

China passed Japan to become the U.S. government's largest foreign creditor in September, the Treasury Department announced yesterday, reflecting the dramatic expansion of Beijing's economic influence over the American economy.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-18-2008
Credit Troubles Force Sunrise to Retrench

Sunrise Senior Living's financial problems deepened in the third quarter as the company said it would abandon new development this year and further cut staff to conserve cash as it struggles to weather the fallout of a worsening economy.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-07-2008
'So Sorry'

Being a stock market fund manager or strategist these days means always having to say you're sorry.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-01-2008
U.S. Bank Plan Hits Snag in Rules

The Treasury Department is pressing federal banking regulators to change longstanding rules that are in the way of its plan to invest $250 billion in American banks, raising questions about the independence of the regulatory agencies.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-17-2008
Capital One Turns a Profit While Major Banks Rack Up Losses

Capital One, the McLean banking and credit card company, reported yesterday it had eked out a profitable quarter even as several other major financial firms continued to disclose dramatic losses.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-16-2008
Push Is on for Regulatory Overhaul

As the nation's financial system continues to unravel, lawmakers on both sides of the aisle say the U.S. government appears poised to enact sweeping changes to the spider web of agencies that regulate banks and other financial firms.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-15-2008
Banks Hoard Cash as Credit Card Defaults Rise

Consumers are increasingly unable to pay off their credit cards, forcing banks to hoard cash to protect against future losses and lend to fewer people, according to reports yesterday from several of the nation's largest banks.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-15-2008
Rally Cut Short by Earnings Concerns

Stocks stalled yesterday as concerns about corporate profits and the economic downturn overshadowed a new government plan to invest directly into major banks.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-14-2008

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