St. Petersburg-based financial services giant Raymond James Financial said Thursday that it will become a broad-line commercial bank, a move that should position it to compete more aggressively for new customers and help it become more of a recognized financial brand. ...more

September 26, 2008

Here's the truth about why Treasury Secretary Hank Paulson wants $700 billion of your money to bail out stupid financial companies. It's not about protecting you, the unwitting American. It's about protecting people such as him. ...more

September 24, 2008

The reorganization of Morgan Stanley and Goldman Sachs marks a historic end to a period when investment banks drove Wall Street and leaves open what - if anything - will assume the role of taking big risks that have powered the market's booms and busts. ...more

September 23, 2008

Congratulations, Raymond James, you're now the nation's largest investment bank. How? Because every other investment bank bigger than Raymond James Financial Inc. bit the dust last week or agreed to shotgun weddings with larger "commercial" banks that are perceived as more stable - stable by Wall Street standards. ...more

September 23, 2008

The nation's largest wholesale power seller, Constellation Energy Group, whose stock has collapsed amid worries about liquidity and accounting issues, agreed on Thursday to be bought by a unit of Warren Buffett's Berkshire Hathaway Inc. for $4.7 billion. ...more

September 19, 2008

Bank of America CEO Ken Lewis was paraphrased, not quoted directly, in Thursday's story, "Is Our Money Safe." ...more

September 19, 2008

The flow of money through critical parts of the financial system all but stopped Wednesday, prompting the stock market to plunge again as banks lost faith in one another and investors rushed to U.S. government securities to protect their savings. ...more

September 18, 2008

The investment bank Goldman Sachs, the firm that has looked the best throughout the credit crisis, reported a profit Tuesday of $845 million, or $1.81 a share, in the third quarter, down 70 percent from a year ago. ...more

September 17, 2008

When federal regulators start writing new rules for financial institutions next year, they should demand big changes in how bankers and traders are paid. ...more

September 13, 2008

Consumer Prices Surge, Job Market Remains Strained WASHINGTON (AP) - Inflation is running at the fastest pace in 17 years, the job market is under further strain and foreclosure filings are surging. ...more

August 17, 2008