Banks, Financial System | featured news

Major central banks around the globe took coordinated action Wednesday to ease the strains on the world's financial system, saying they would make it easier for banks to get dollars if they need them. Stock markets and the euro rose sharply on the move.

A decision by European central banks to support the region's financial system helped calm Asian markets, setting off a rally across the region in Friday trading....

Recently released emails show how Goldman Sachs built its mortgage business by closely working with lenders such as Washington Mutual and Long Beach, two firms that a Senate review said "polluted the financial system" with souring loans.

Members of a government committee questioned whether the support that Citigroup received could pose future risks for the financial system.