credit crisis

CEO Pay: JPMorgan's Dimon Earned His Big Money

The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.

Allstate Sues Bank of America Over Toxic Securities

Allstate is suing Bank of America and its Countrywide Financial division over Countrywide's sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets would drop in value because of a high percentage of defaults.

The Fed's Commercial Paper Buying Knew No National Boundaries

During the heat of the financial crisis, Ben Bernanke's Federal Reserve doled out a mountain of money to keep the damage from getting any worse. But if you think American companies were the biggest beneficiaries of this largess, you'd be wrong.

Moody's Downgrades Hungary to Near Junk

Moody's downgrades Hungary's sovereign credit rating by two notches to near junk on concern that the temporary measures the government is taking to address budget issues won't be sustainable.

Spain to Sell Stake in State Lottery as Debt Crisis Looms

With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.

Two Years Later, Corporate Credit Is Flowing Again

Many aspects of the financial crisis are still with us. But when it comes to one of the most profound economic impacts of the 2008 meltdown -- the downright seizure of credit markets -- things could hardly be more different now than during the height of the crisis.

Does Investor Gloom Mean
It's Time to Buy?

Investors' spike in gloom seems out of line with broader economic developments that continue to be mixed. So stocks may be undervalued because investors are being overly conservative -- and this could be a good time to buy.

The Newest Franken-Finance Creation: Liquidity Derivatives

Bet you thought the financial world had learned a bit of prudence from the recent meltdown. But no. Citigroup has a clever new derivative for the markets, and this latest attempt at selling "end-of-the-world insurance" could be just as dangerous to the system as credit default swaps were.

Credit Crisis, The Sequel? Corporate Debt May Flood

Massive amounts of corporate debt issued from 2003 to 2007 is set to come due over the next four years. The inability of companies to refinance their debt will leave them paying high interest payments, dragging down corporate earnings and forcing some companies into bankruptcy.

Fed makes $14 billion on risky loans

Taxpayers and Congress worried that the Federal Reserve was making dangerous bets by lending money to troubled banks during the credit crisis. Big...

Mortgage crisis: Shopping malls next

For the most part, the mortgage crisis we've been hearing about has related to individuals and their home mortgages. But it was inevitable that a...

Tighter rules for mortgage lending?

U.S. Treasury Secretary Henry Paulson is recommending that the government impose tighter regulations on mortgage lenders. He says this is necessary...