market turmoil

Wall Street's credit crisis heads into second year - Los Angeles Times

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 passed. Major U.S. investment banks this week announced ...

Bernanke: Banks need to keep more money on hand

Financial market turmoil underscores the need for "generous" capital cushions, and banks need to actively raise money as needed, ...

Morningstar resists market turmoil - Chicago Tribune

Shares of Morningstar Inc. surged by almost 20 percent Friday after the Chicago-based firm reported strong quarterly earnings, making it one of the few financial-services companies to withstand the market turmoil humbling some of the biggest names on ...

Financial Market Turmoil Raises Worries (AP)

Financial Market Turmoil Raises Worries (AP) By | March 22, 2008 It's been almost an article of faith: Any recession this year will be mild and brief. But now the stunning meltdown of a top Wall Street investment bank and stubbornly persistent financial market turbulence has called that into question

JPMorgan buying Bear Stearns, Fed cuts discount rate

Reuters India - The move will be seen as an attempt to prevent other major investment banks and brokers from suffering the same fate as Bear, the fifth-largest U.S. investment bank, as the pressures on the U.S. financial system from the credit market turmoil reach ...

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