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Federal Reserve Chairman Ben Bernanke calls for a holistic approach to strengthening oversight of the banking system to prevent future financial crises. "A principal lesson of the crisis is that an approach to supervision that focuses narrowly on individual institutions can miss broader problems that are building up in the system," Bernanke says.
DailyFinance: Bernanke Wants to Be Your Banker

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GM Loses $6 Billion, Needs More US Aid

posted: 33 MINUTES AGO

filed under: BloggingStocks, Financial Crisis

Struggling automaker General Motors posts a $6 billion loss during the first quarter, in its last earnings report before a government-imposed restructuring deadline. The company also says that it burned through $10.2 billion of cash and will need another $2.6 billion in U.S aid. See the video below for more insight into the company's numbers from GM's CFO. Quote: GM
Also: Will GM Finally Get Kicked Out of the Dow?
24/7 Wall St.: GM Marketshare Collapses

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Market News

posted: 21 DAYS 2 HOURS AGOcomments: 9

filed under: Investing

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Market Update

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DJIA NASDAQ S&P 500 10yr Note

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Money Advertisement

posted: 97 DAYS 17 HOURS AGOcomments: 0

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Wal-Mart Sales Jump 5 Percent

posted: 2 HOURS 28 MINUTES AGO

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Wal-Mart says its same-store sales jumped 5 percent in April, significantly higher than the 2.9 percent increase Wall Street expected. The good news doesn't stop there. Other retailers posted smaller declines last month, offering another glimmer of hope for the economy. Quote: WMT
More Economic News: Total Jobless Claims Hit New Record

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A Guide to Bank Stress Test Results

posted: 3 HOURS 15 MINUTES AGO

filed under: Financial Crisis

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There have been many leaks on which financial institutions will or will not have to raise capital as a result of government stress tests. Today, the feds will release the official data to the public. DailyFinance says the results will likely break the banks into three categories.

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Fiat Chief to Become Chrysler CEO

posted: 1 HOUR 54 MINUTES AGOcomments: 0

filed under: Financial Crisis

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Fiat Group CEO Sergio Marchionne will become the chief executive of Chrysler after the U.S. automaker emerges from bankruptcy.
Also: Chrysler Unveils New Incentive Plan

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