Nasdaq CEO sees market role in financial crisis
WASHINGTON -- The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen, the head of the Nasdaq stock market said Thursday.

From Kuwait to Bahrain, financial woes mount
CAIRO, Egypt -- Kuwait's biggest investment bank on Thursday said it had defaulted on the majority of its debt while Bahrain's two biggest commercial banks saw their ratings outlook downgraded, as the global financial meltdown pummeled an oil-rich Gulf Arab region that months ago was the focus of a much-hyped economic boom.

Kashkari: US financial system 'more stable'
WASHINGTON -- The head of the government's $700 billion financial rescue program said Thursday that the effort has made the nation's financial system more stable.

Cheney: No one saw financial crisis coming
President George W. Bush has no need to apologize to the American people for not doing more to head off the financial calamity, Vice President Dick Cheney says, because no one saw the crisis coming.

Financial Disclosures Voted Down
After an hour of lively debate, the Loudoun Board of Supervisors voted Tuesday not to require the business leaders who advise county officials on economic development issues to file financial disclosure statements.

Kashkari: U.S. Financial System 'More Stable'
The $700 billion plan is working to shore up financial instability, says the head of the government program.

Nasdaq CEO sees market role in financial crisis
The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen, the head of the Nasdaq stock...

Manulife Financial Says Report of Accounting Probe Is False
Jan. 8 (Bloomberg) -- Manulife Financial Corp. said a news report yesterday about U.S. regulators investigating accounting practices at Canada?s largest insurer was ?completely erroneous.?

Financial Stocks: REITs lead decliners in financial sector
U.S. financial stocks fall for a second straight session as real estate investment trusts bear the brunt of selling, but losses accumulate across the board.

REITS Lead Decliners In Financial Sector
REITS Lead Decliners In Financial Sector

Nasdaq CEO sees market role in financial crisis
WASHINGTON -- The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen, the...

Congressman Lance appointed to key financial committee
AP file photoU.S. Rep. Leonard Lance Newly sworn in U.S. Rep. Leonard Lance (R-7th Dist.) has been appointed to the House Financial Services Committee. The committee, which oversees all components of the nation's housing and financial services sectors such as...

Harley-Davidson Financial Chief To Also Lead Financial Services Unit
Harley-Davidson Inc. (HOG) Chief Financial Officer Tom Bergmann will also serve as interim president of the company's financial services unit while the maker of iconic motorcycles searches for someone to fill that job.

Cheney says no one saw financial crisis coming
Vice President Dick Cheney says that his boss, President George W. Bush, has no need to apologize to the American people for not doing more to head off the financial calamity, saying no one saw the crisis coming.

Kashkari: US financial system 'more stable'
The head of the government's $700 billion financial rescue program said Thursday that the effort has made the nation's financial system more stable. Neel Kashkari, the assistant treasury secretary in charge of the bailout program, said the program had made...

Obama pledges financial reforms
PresidentElect Barack Obama has vowed to reform America's "weak and outdated" system of financial regulation after hitting out at "Wall Street wrongdoers" who made "imprudent and dangerous decisions" in creating the financial crisis.

GAO: US Financial Regulatory System In Urgent Need Of Reform
WASHINGTON -(Dow Jones)- The current U.S. financial regulatory system is outdated and ill-equipped to prevent future crisis and policy makers need to move urgently to modernize the system, the Government Accountability Office said in a report Thursday.

Exclusive Interview: Herenton Touts City's Financial Strength
Memphis Mayor Willie Herenton says he'll be advising city council members on how to effectively use a record setting jump in the city's financial reserves, so the $88 million cushion doesn't evaporate. FOX13's Les Smith sat down with the mayor for an exclusive interview Thursday on how the reserves rose and why the numbers personally mean so much to Herenton.

Financial crisis blamed for increase in pension claims
The global financial crisis has forced an increasing number of fully and partly self-funded retirees to seek government assistance.

Official: U.S. financial system 'more stable'
WASHINGTON (AP) -- The head of the government's $700 billion financial rescue program says the effort has made the nation's financial system more stable.