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Washington Mutual (WM) Shut down by feds. Drops to $.148 from 52-week high of $26.47. Smithfield Foods (SFD) Credit concerns.…
There is one interesting irony in this whole financial meltdown which goes which many will not want to admit. Citigroup…
The Fed has been loaning banks and money managers an average of $188 billion a day over the last week.…
Washington Mutual (WM) failed yesterday and most of its assets where sold to JP Morgan (JPM). The price was $1.8…
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that…
According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments.…
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…
Vikram Pandit’s job was to cut Citigroup (C) down to size. "Reverse the insanity of the empire builders who came…
According to Reuters, Morgan Stanley (MS) is in merger talks with several firms. Reuters says HSBC (HBC) may be a…
The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs…
Bank regulators may be trying to find a home for Washington Mutual (WM). According to The New York Post, "The…
Constellation Energy Group (CEG) falls on fears of link to the Lehman bankruptcy. The company says no. The shares plunges…
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report…
Our top personal finance-related articles today. Your wallet will thank you later.