(NEW YORK)Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild...READ MORE
(NEW YORK)Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those ...READ MORE
(LONDON)Bonuses at London's banks will plunge nearly 60 percent this year, a leading economic consultancy predicted Thursday, as Britain's Prime Minister Gordon Brown demands punishment fo...READ MORE
(LONDON)Hard-hit British banking stocks recovered Wednesday after the government announced a 50 billion pound ($88 billion) plan to partly nationalize major banks and promised to guarantee...READ MORE
(LONDON)World stock markets were mixed on Tuesday as banking stocks on both sides of the Atlantic took another pounding despite the U.S. Federal Reserve's announcement that it will buy hug...READ MORE
(LONDON)Prime Minister Gordon Brown summoned the head of Britain's central bank and chief financial regulator for talks Tuesday after banks' share prices plunged amid investors' worries th...READ MORE