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• BofA chief signals more trouble ahead
Increased loss and delinquency trends first experienced in the home equity and home-builder portfolios have now spread into the first mortgage, unsecured consumer lending and credit card portfolios,” the Charlotte, N.C.-based bank said in ...
• No bottom to stock market clearly in sight
CHICAGO - The bear market that is ravaging investor portfolios is now one of the worst in modern U.S. history and has wiped out more than $7 trillion in shareholder value, with no bottom clearly in sight. When it stops and how far it drops, no one ...
• Cash woes 'devastating' to science
With the investment portfolios being hit as hard as they've been hit in the last few weeks, particularly the last few days, I would have thought there would be a very dramatic reduction in available funds for research in all sorts of countries ...
• College Costs: Coping with the Meltdown
Some unlucky investors like Dino Macaluso are feeling the double whammy of the market meltdown: They are watching their investment portfolios shrivel while college tuition payments loom. Macaluso, from Albany, N.Y., is considering a line of credit on ...
• U.S. financial panic goes global
... and other loan markets, pushing industrialized countries closer to recession. Even as Sweden, Austria and Denmark followed Germany’s lead by offering guarantees to savers, investors from Tokyo to London continued to slash risk from portfolios and ...