U.S. Treasury Secretary Henry Paulson is reportedly taking advantage of the World Bank and IMF meetings in Washington, D.C. by inviting numerous banking executives to a 3 pm EDT gathering on Monday. The meeting comes after the morning's announcement of preliminary details of the Treasury's rescue...
It's the second time this week we have started out an article talking about the rumors flying around Countrywide , but this time the rumors seem to have more grounding in fact and are certainly much better news for Coutrywide, its employees, and stockholders. On Tuesday the buzz on Wall Street was that...
Three major U.S. banks announced on Monday that they were responding to some week-end jaw-boning by the Treasury Department and forming a consortium to address the beleaguered credit markets. Citigroup, Bank of America, and J. P. Morgan unveiled the broad outlines of a plan to buy troubled assets in...