Financial Crisis | featured news

An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial analysts and 10 new federal prosecutors spread across the country, according to a senior Justice Department official.

Wall Street's bulls have reason to celebrate: The Dow Jones industrial average closed above the psychologically important 13,000 mark for the first time since the financial crisis began in 2008.

As is increasingly the case with the European financial crisis, the story changed between the time the evening papers went to bed Thursday night and the traders woke up Friday morning.

Michael Williams, the chief executive of US mortgage giant Fannie Mae, will step down once a successor has been found, the company says. Mr Williams was put in charge of Fannie Mae in 2009 after the firm had been rescued by the US government at the height of the financial crisis.

Undeterred by costlier gas and airfare, millions of Americans set out Wednesday to see friends and family in what is expected to be the nation's busiest Thanksgiving weekend since the financial meltdown more than three years ago....

It is up to Silvio Berlusconi to keep Italy from becoming another Greece and plunging the world into an even more devastating financial crisis.

European officials have rejected key recommendations from the United States and the International Monetary Fund, casting doubt on whether an emerging plan to address the region’s financial crisis will be as broad or fast acting as hoped.

Stock prices around the world rose on Monday after European leaders signaled a willingness to tackle the financial crisis brewing there.

Workers walk off the job with anger over country's financial crisis.

Russian tycoon Alexander Lebedev has punched a fellow billionaire on a television panel show after a discussion on the financial crisis degenerated into petty name-calling.