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(NEW YORK)Shares of investment banks closed mixed Wednesday as Morgan Stanley said its fiscal second-quarter profit plunged 61 percent and amid continued concern about deterioration in the c...READ MORE

(NEW YORK)There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has...READ MORE

(WASHINGTON)A top U.S. banking regulator says the government must do a better job of planning for the failure of a large investment bank after the near-collapse of Bear Stearns Cos.READ MORE

(NEW YORK)Morgan Stanley on Wednesday said fallout from the credit crisis caused a 61 percent slide in quarterly profit, an amount that would have been steeper if the investment bank didn...READ MORE

(NEW YORK)Shares of investment banks fell early Wednesday morning after Morgan Stanley said its fiscal second-quarter earnings tumbled 61 percent due to continued deterioration of the credit...READ MORE

(NEW YORK)Goldman Sachs navigated yet another quarter of market turmoil and tight credit, with runaway prices of commodities such as oil and gold helping to drive profit.READ MORE

(NEW YORK)The Dow Jones industrial average finished lower Tuesday, with the biggest declines posted by American International Group Inc., American Express Co. and Bank of America Corp.READ MORE