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Policymakers battle markets to halt Greek contagion

Shock waves from the relatively small Greek economy reverberated around the world, as investors worried about the chances of other European governments facing a similar debt crisis.

Bear Stearns' Cayne concedes leverage was too high

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

Bear Stearns' Cayne admits leverage was too high

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

Panel criticizes Bear Stearns' risk-taking

Bear Stearns' appetite for risk and lack of foresight were criticized at a hearing into the roots of the financial crisis, where former executives argued the firm's collapse was due to events beyond their control.

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Trial begins in Lehman, Barclays dispute over sale

Attorneys for Lehman Brothers Holdings Inc and Barclays Plc sparred in court on Monday as they began a trial over whether the British bank received an improper $11.2 billion windfall from its takeover of Lehman's core U.S. brokerage in September 2008.

Lehman sues Nomura to void $760 million claims

Lehman Brothers Holdings Inc sued Nomura Holdings Inc on Friday, saying the Japanese bank is not entitled to recover $760 million it claims, and instead owes it tens of millions of dollars.

Lehman sues Nomura, says $720 million claim undeserved

Lehman Brothers Holdings Inc sued Nomura Holdings Inc on Friday, saying the Japanese bank is not entitled to recover the $720 million it claims, and instead owes it tens of millions of dollars.

With Goldman charged, rivals smell blood

Within days -- perhaps even hours -- of news that Goldman Sachs was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street's most profitable bank.

Innkeepers USA preps for possible bankruptcy: sources

Innkeepers USA Trust , a U.S. real estate investment trust with interests in about 73 hotels, is getting ready for a possible bankruptcy filing after missing debt payments earlier this month, according to four people familiar with the matter.

Ex-CEO on Lehman's ruin: I have to live with that

Former Lehman Brothers CEO Richard Fuld lifted his bowed head, looked squarely at U.S. lawmakers on Tuesday and acknowledged that people were hurt in the collapse of the former Wall Street giant.

Goldman earnings beat overshadowed by fraud probe

Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain's market watchdog launched its own probe.

Ex-Lehman CEO faces Congress amid reform battle

Richard Fuld, former CEO of Lehman Brothers, lifted his bowed head, looked squarely at congressional committee members on Tuesday and acknowledged that people were hurt in the collapse of the former Wall Street giant.

Lawmakers tone down fight on financial reform

Republican party lawmakers on Tuesday took a more conciliatory tone toward Democratic proposals to crack down on Wall Street as the U.S. Senate delayed debate on a financial reform package until next week.

Ex-Lehman CEO Fuld faces Congress amid reform battle

Richard Fuld, former CEO of Lehman Brothers, was summoned to Capitol Hill on Tuesday to answer for the collapse of the fallen Wall Street giant, amid signs a vote on historic financial reforms may be delayed.

Democrats push for support for financial reform

Republican lawmakers on Tuesday took a more conciliatory tone toward Democrat proposals to crack down on Wall Street as the Senate delayed debate on a broad financial reform package until next week.

Goldman Sachs earnings beat overshadowed by UK probe

Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain's market watchdog launched its own probe.

Lehman unsecured creditors seek probe Ernst & Young

Unsecured creditors of Lehman Brothers Holdings Inc are looking to probe Ernst & Young LLC to assess if the estate may have causes of action against the auditor arising out of Lehman's use of a the controversial accounting technique, Repo 105.

Fuld says was in dark about accounting device

Lehman Brothers' former chief executive said he only learned of Lehman's use of a controversial accounting technique a year after the investment bank filed for bankruptcy in September 2008.

Fuld blames perfect storm, defends Lehman books

When Lehman Brothers Holdings Inc's embattled former chief executive Richard Fuld faces U.S. lawmakers again on Tuesday, he will blame a perfect storm for the firm's collapse and defend Lehman's use of a controversial accounting technique.

Lehman's Fuld blames perfect storm, not accounting

Former Lehman Brothers Holdings Inc Chief Executive Richard Fuld will tell U.S. lawmakers on Tuesday that he was not aware of off-balance-sheet transactions that some have blamed for hiding Lehman's true financial state ahead of its collapse.

BofA profit beats expectations, revenue lower

Bank of America Corp posted its first quarterly profit since summer 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

Democrats chip away at GOP on financial reform

To get financial reform legislation through the U.S. Senate Democrats need to peel away just one Republican to support their sweeping bill.

BofA profit beats expectations

Bank of America Corp trounced expectations with its first quarterly profit since the summer of 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

Lehman wins OK to create asset management company

Lehman Brothers Holdings Inc , which filed the largest bankruptcy in U.S. history, won a federal bankruptcy judge's approval on Thursday to create a new asset management company.

Lehman sets payouts to exit bankruptcy

Lehman Brothers Holdings Inc laid out a plan on Wednesday to repay creditors a portion of some $1 trillion in expected claims, under a proposal that could resolve the largest U.S. bankruptcy in history.