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According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that…
Markets in Asia were slightly higher. The Nikkei was up .2% to 12,225. Nomura rose more than 5%. Mitsubishi UFJ…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments.…
Goldman Sachs (GS) and Morgan Stanley (MS) today give up their vaunted status as investment banks, no longer being the…
According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank…
Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the…
According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM). Reuters reports that US markets rallied on word of…
Genworth (GNW) Concerns that mortgage insurance company has too much exposure in housing disaster. Down to $3.51 from 52-week high…
According to Reuters, Morgan Stanley (MS) is in merger talks with several firms. Reuters says HSBC (HBC) may be a…
The New York Times is reporting that Morgan Stanley (MS) has been approached by Wachovia (WB) about a buyout. According…
Morgan Stanley (MS) tumbles on fears it will be the next victim of credit crisis. Shares falls to $16.08 from…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for…
By all accounts, Morgan Stanley (MS) was supposed to have a mediocre quarter. Wall St. was concerned it could be…
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report…
This week seems to be unprecedented for the financial powerhouses and bulge bracket brokerage firms. While Merrill Lynch had to…
Our top personal finance-related articles today. Your wallet will thank you later.