investment banks

Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead?

London Bureau Chief Stephen Beard finds out.

Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead?

London Bureau Chief Stephen Beard reports.

Goldman Sachs and Morgan Stanley have become bank holding companies, which means they will now face more government regulation.

They won't be able to take as many risks, and they'll make less money, too. Jeremy Hobson reports.

With the nation's biggest investment banks taking body blows and the world's biggest insurer on the ropes, it's not surprising people in the financial markets are a bit hysterical.

But what about Main Street and regular people's livelihoods? Mitchell Hartman reports.

Several investment banks have been helping foreign clients evade millions of dollars in U.S. taxes, a Congressional report says.

But the transactions have been around for years. Jeremy Hobson reports.

Several investment banks have been helping foreign clients evade millions of dollars in U.S. taxes, a Congressional report says.

But the transactions have been around for years. Jeremy Hobson reports.

Between a weak dollar, inflation worries and losses by investment banks, the Fed has its work cut out for it.

Host Tess Vigeland talks with NYU financial historian Richard Sylla about the path back to a stronger economy.

Stocks surge in the last half-hour and end a volatile week nearly even. Crude oil falls, and the dollar rises.

Investors shrug off an increase in the May consumer price index. Investment banks will report earnings in a big week of economic news.

Lehman Brothers, the smallest of Wall Street's big investment banks, is reporting big losses -- and that's making many market watchers nervous. Jill Barshay reports.

Homeowners aren't the only ones who've gotten up to their ears in debt in the subprime loan debacle fallout. Investment banks and hedge funds have gotten into trouble by borrowing more and more to finance their investments.

Amy Scott reports.