California Home Loan 360

Citigroup's billions in losses could have been worse, so the Dow surges. But with recession likely, some investors question the market's resilience. Stocks powered ahead Friday, lifting the Dow index to a three-month high on growing optimism that the worst of the credit crisis is past.

In an article, the former Fed chairman blames institutional investors. Alan Greenspan says don't blame him for the U.S. housing bubble, the sub-prime meltdown and the resulting credit crisis.

In a forceful move to contain the growing credit crisis, the central bank slashes its benchmark interest rate by three-quarters of a percentage point to 2.25%. The Federal Reserve, fully embracing its role as rescuer of financial markets and the economy, slashed interest rates again Tuesday even as it conceded that a traditional target of its efforts, inflation, was picking up.

Bear Stearns, squeezed by the sub-prime crisis, needs an emergency loan. Its stock plunges, and wariness grows. The battered global financial system looked a lot more fragile Friday as one of Wall Street's biggest investment houses was forced to get an emergency loan from the Federal Reserve, raising the specter of more giant securities firms laid low by the global credit crisis.

British lawmakers, criticizing bankers and financial supervisors over their handling of the global credit crisis, warned investment banks to make their financial products more transparent or face extra regulation.

The credit crisis is no longer just a subprime mortgage problem. As home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their

The credit crisis is no longer just a subprime mortgage problem. As home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their

Prince Alwaleed bin Talal, the Citigroup Inc. shareholder who came to the bank's rescue during the credit crisis of the early 1990s, might do so again now, the Wall Street Journal reported on its website Friday, citing people familiar with the matter.

Canada's central bank unexpectedly lowered its key interest rate by a quarter of a point Tuesday to combat threats to the country's economy posed by a strong Canadian dollar and the global credit crisis.

If you haven't yet felt the impact of the nation's credit crisis, just wait. Chances are, you won't have to wait long. So far, the turmoil may feel a bit remote for average people: Failed mortgage lenders. Gargantuan write-downs by banks. Foreclosures for people who couldn't really afford the mortgages they got. Are the rest of us in danger? Quite likely, yes.