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Financial crisis

Spain raises $5 billion in healthy bond sale
Spain has raised an above-target €3.9 billion ($5 billion) in a successful debt auction that saw interest rates drop sharply despite renewed concern ...
US Treasury announces final AIG stock sale
The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the ...
Stocks edge higher; Dow boosted by McDonald's
Stocks edged higher Monday on Wall Street after a strong sales report from McDonald's offset concerns about the surprise resignation of Italy's prime ...
Report: Mgrs. at Fannie, Freddie earned $200K
A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
Spaniards hope for eviction reprieve amid crisis
Irene Gonzalez is desperately waiting to hear if she'll benefit from an emergency government decree that protects Spaniards such as her from being ...
Senate bill would extend deposit insurance program
To prevent a possible run on banks at the height of the financial crisis four years ago, Congress expanded government insurance for certain bank ...
Maserati confident in Italy output despite turmoil
The CEO of Italian luxury carmaker Maserati is confident that parent company Fiat's €1.2 billion ($1.5 billion) investment to boost production in ...
Italian election means new stress for eurozone
Until last weekend, Europe seemed headed for a quiet Christmas and New Year's. Then Italy's Prime Minister Mario Monti unexpectedly announced he was ...
European Union receives Nobel Peace Prize
The EU received the Nobel Peace Prize on Monday for promoting peace and human rights in Europe following the devastation of World War II, and the bloc ...
Spanish state universities protest cutbacks
Rectors from about 50 state-run universities across Spain protested Monday that government spending cuts were choking third-level education and would ...
Stock market is a wild card in fiscal cliff talks
Congress and the White House can significantly soften the initial impact of the "fiscal cliff" even if they fail to reach a compromise by Dec. 31.
Greece extends bond buyback deadline for a day
In an attempt to generate stronger participation in its key government bond buyback program, Greece on Monday extended the deadline for banks, funds ...
China November trade weak in challenge to economy
China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape.
EU leaders in Norway to pick up Nobel Peace Prize
European Union leaders on Sunday hailed the achievements of the 27-nation bloc, but acknowledged they need more integration and authority to solve ...
Egypt's military returns to the political fray
Egypt's powerful military, sidelined last summer by the newly elected Islamist president, edged back Saturday into a political fray boiling over with ...
Italy's PM says he intends to quit over crisis
Premier Mario Monti told the Italian president Saturday he is resigning soon, saying he can no longer govern after Silvio Berlusconi's party withdrew ...
Spain's luxury Parador hotels hit by 2-day strike
Employees at Spain's luxury Parador hotels, which are set in some of the country's most picturesque castles, monasteries and palaces, began a two-day ...
Greece's biggest banks to join in bond buyback
Greece's three biggest banks said Friday they would participate in a large bond buyback scheme that aims to chip away at the crisis-hit country's debt ...
Wells Fargo boss talks bank fees, economy, taxes
John Stumpf is a survivor. He's a CEO who kept his job as peers fell after the 2008 financial crisis, a strategist who expanded his company while ...
Greek jobless rate up to record 26 percent
Greece's unemployment rate rose to a new record of 26 percent in September, underscoring the economic plight in the country as it heads toward a sixth ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
Top EU officials set out program for more unity
Four top European Union officials on Thursday set out a blueprint for a closer financial union in a move that will clash with some member states' ...
ECB holds rates, may be done with euro stimulus
The European Central Bank left its key interest rate unchanged at a record low Thursday, holding off on further stimulus even as the economy across ...
How far over the 'fiscal cliff' could they go?
The dealmakers who warn that a year-end plunge off the "fiscal cliff" would be disastrous don't seem to be rushing to stop it. Why aren't they ...
Citigroup to cut 11,000 jobs, a familiar story
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's ...