Bears Stearns Cos.

Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn't keep risky mortgage securities on the books, and is headed toward another record year of profits. Nonetheless, Hermance's Paramus, N.J.-based savings bank...

The mess in the U.S. financial system is making some people nostalgic for the dot-com collapse of 2000-02. That, too, was the cataclysmic bursting of an insane market bubble. But, as we are painfully learning, it's one thing for the economy to lose...

The mess in the U.S. financial system is making me nostalgic for the dot-com collapse of 2000-2002. That, too, was a cataclysmic bursting of an insane market bubble. But, as we are painfully learning, it's one thing for the economy to lose Pets.com...

Federal Reserve Chairman Ben Bernanke said Friday that the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore...

Nobel Prize-winning economists predict the credit squeeze will inflict more pain on global growth, and Goldman Sachs Group Inc. projects half of the world economy faces recession. "There will be a global recession," Nobel winner Myron Scholes said in...

Are things really that bad? Is this the worst situation we've faced since the Great Depression? Is there any way out? Those questions must be asked thousands of times a day in private and public conversations about the financial system and the economy....

Gilded resumes that never traveled west of the Hudson River are now bound for Lake Michigan, as Chicago investment houses are recruiting amid mass layoffs on Wall Street. Mesirow Financial has entered into discussions with more than 30 traders, bankers...

Sheila Bair, chairman of the Federal Deposit Insurance Corp., said yesterday that the government must do a better job of planning for the failure of a large investment bank after the near-collapse of Bear Stearns Cos. Investment bank regulation should...

A federal securities fraud investigation could result in criminal charges as early as today against two former Bear Stearns executives suspected of misleading investors about the risky subprime mortgage market, an official said. A law enforcement official...

JPMorgan Chase & Co., which acquired Bear Stearns Cos. in May, is eliminating as much as 10 percent of jobs at its European investment banking unit after advisory fees declined, two people with knowledge of the matter said. The reductions, which began...

The Securities and Exchange Commission is adopting a temporary rule that will limit the ability of traders to bet on a drop in the shares of brokerage firms, Freddie Mac and Fannie Mae, the agency's chairman, Christopher Cox, told the Senate Banking...

Federal policymakers have concluded that the turmoil afflicting the housing and financial markets is likely to spill deep into 2009, becoming one of the most significant domestic problems to confront the next president when he steps into the Oval Office...