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Circuit City Files for Chapter 11 Protection

Circuit City Stores, the nation's second-largest consumer electronics retailer, said yesterday that tightened credit and rapidly declining consumer spending have forced it to file for bankruptcy protection, underscoring the perils facing retailers as they head into the crucial holiday season during...

Posted to washingtonpost.com (Weblog) by Anonymous on 11-10-2008
Deadline Nears for Banks as Treasury Program Progresses

NEW YORK, Nov. 10 -- Publicly traded banks have until Friday to apply for capital injections from the Treasury Department, and it will take "a few months" for the government to invest all of the $250 billion that was set aside for preferred-stock investments in financial firms, according to...

Posted to washingtonpost.com (Weblog) by Anonymous on 11-10-2008
Citigroup Plans to Ease Mortgage Terms for At-Risk Borrowers

Citigroup plans to announce today that it is launching a mortgage-modification program for 500,000 at-risk borrowers in regions facing rising unemployment rates and steep declines in home values.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-10-2008
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
As Suitors Fight Over Wachovia, Fed Tries for Deal

A high-stakes battle over who will gain control of the nation's fourth-largest bank intensified over the weekend, with the Federal Reserve acting as a go-between in the pursuit of Wachovia by both Citigroup and Wells Fargo.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-05-2008
'Hope for Homeowners,' Still Long in Coming

We interrupt this financial crisis with a word from its sponsor: the families who are losing homes to foreclosure.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-27-2008
Giant Investment Banks Grasp for Government Safety Net

The Federal Reserve approved the conversion last night of the two remaining investment titans on Wall Street, Goldman Sachs and Morgan Stanley, into bank holding companies, offering them broader government protection in exchange for tighter regulation and constraints on their once fabulously...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-21-2008
Could the End Be Near for the Big Wall Street Brokerage?

NEW YORK, Sept. 17 -- The traditional model of investment banking came under renewed threat yesterday as Morgan Stanley and Goldman Sachs, the two remaining giants of this beleaguered Wall Street industry, suffered stunning losses only one day after they reported quarterly earnings that exceeded...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-17-2008
On the Line for Others' Losses

After World War II, a far-flung insurance company in China run by an American businessman took a risky bet insuring that about 20 boats filled with Americans would make it back to the United States.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-16-2008
What Market Tumult Means For Average Stakeholders

The stunning events rattling the financial markets are raising a lot of questions about the average person's finances. We talked to several experts to find some answers.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-15-2008

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