Turmoil news from FierceFinance
News
Top bank CEOs face big challenges
Forbes weighs in with an interesting piece about the short-term challenges facing the CEOs of top banks. In many cases, they all are wearing the same shoes. They must reduce costs, shore up capital, Read more...
Should Bank of America walk away from Countrywide?
MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate Read more...
More hedge funds shutting down redemptions
Business Week Online notes an ominous sign: more hedge funds shutting down redemptions. You can sense that the temperature is rising on Read more...