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Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing crisis is a veiled attack on the poor that's racially motivated.

A man accused of accepting $2.5 million to act as a paid plaintiff in a major lawsuit kickback scheme was sentenced Monday to three months in prison.

More European governments followed Germany's lead on Monday offering guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in nearly 80 years.

Facing a lawsuit over deceptive mortgage practices, a Bank of America subsidiary will modify tens of thousands of loans to help keep people in Connecticut and 10 other states from losing their homes.

Asian stock markets plunged Monday as investors took scant comfort from Washington's passage of a $700 billion bank bailout and focused instead on deepening financial turmoil in Europe that threatens to slow ...

The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package _ and watch for any further ...

With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months.

Further-reaching regulation is almost certain. Previously obscure corners of the industry now subject to few rules, such as complex derivatives and hedge funds, could face federal supervision for the first time.

Meanwhile, heavily regulated sectors, such as banking and insurance, are likely to face greater oversight. Even some financial industry groups support federal oversight for the insurance industry, which is now regulated only at the state level.

The Bank of England is widely expected to cut interest rates this week amid fears that the UK economy is heading towards a recession.

The Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics.

Fannie Mae said it will set aside the loan of a woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home.

They held their noses and voted "yes." Now lawmakers in both parties - along with President Bush - are waiting to see whether their historic $700 billion bailout for the financial industry can stabilize the ...

Nine men, including O.J. Simpson, were involved in an armed robbery on Sept. 13, 2007, in a cramped Palace Station casino hotel room.

By Ilona Wissenbach and Tamora Vidaillet

PARIS (Reuters) - European leaders vowed at the start of an emergency summit on Saturday to do what they could to fend off a financial crisis that snowballed out of Wall Street and is now hitting banks in Europe.

German Chancellor Angela Merkel, keen not to be turned into bankroller-in-chief as governments seek a joint response to the worst crisis since the 1930s, said those who caused the trouble must be made to help sort it out.

"The politicians have to take responsibility in this very difficult situation, but those who have caused the damage must contribute to the solution," she told reporters as she entered the summit at French President Nicolas Sarkozy's Elysee Palace.

Britain's biggest mortgage lender has become the latest mortgage lender to hike its mortgage rates.

A 90-year-old Ohio woman, facing eviction from the home she has lived in for 38 years, shot and wounded herself this week, becoming a grim symbol of the U.S. home mortgage crisis.

Oct. 3 - Beating out Citigroup, Wells Fargo proves its durability through the credit crisis with a deal to purchase Wachovia.

The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities.

The Canadian government supports the U.S. bailout bill but does not believe anything remotely parallel is needed in Canada because of its more solid fundamentals, Finance Minister Jim Flaherty said on Friday.

Rejected once amid public fury about bailing out reckless financiers, a $700 billion rescue package is getting a second chance in the House as voters anxiously ponder an economic meltdown that could wipe out ...

No one wants to talk about who is most to blame for the financial crisis that now threatens the U.S. economy.