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STOCKHOLM -- Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.

U.S. regulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were slow to identify and address abuses in the financial system that led to global economic crisis, Federal Reserve Chairman Ben S. Bernanke told the Financial Crisis Inquiry Commission

With the economy downshifting into first gear and their poll numbers sagging, the White House and Democratic congressional leaders are desperate for an economic and political game-changer as they head into the November elections. As it happens, there's one close at hand: the expiration of the "Bu...

NEW YORK -- The developers planning to build a $100 million Islamic center near the World Trade Center site still have financial hurdles to clear: They haven't finished buying all the property they want for the project and are nearly a quarter-million dollars behind on real estate taxes and late...

We must guard against schools that load up students with debt in exchange for largely worthless degrees.

NORTON, Mass. -- Deutsche Bank has picked up the option on the final two years of its title sponsorship, and it will have some financial help from a familiar partner in EMC Corp., which will be a presenting sponsor.

Here's how lawmakers can help the mortgage industry evolve.

LANSING, Mich. -- Democrat Virg Bernero said Thursday he'll stop the state from doing business with banks that won't lend in Michigan if he's elected governor.

In Midtown Manhattan two years ago, the billboard-size clock that keeps track of the U.S. national debt ran out of digits when the figure ballooned to $10 trillion.

NEW YORK -- Stocks are closing with modest gains after reports on housing, manufacturing and jobs indicated the economy continues to grow, although slowly.

-- A look at economic developments and activity in major stock markets around the world Thursday:

WASHINGTON -- Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.

SANTA FE, N.M. -- The chairman of New Mexico's educational pension fund has resigned after it was disclosed he borrowed $350,000 from a man whose son shared in millions of dollars in finder's fees from investments by the fund and another state agency.

Social Security would be in much worse shape if it weren't for illegal immigrants' contributions.

Whether the struggle is saving for retirement, organizing your bank files, or talking about money responsibility with your spouse or loved one, Post personal finance columnist Michelle Singletary offers her advice and answers your questions.

DUBAI - As depositors thronged branches of Afghanistan's biggest bank, Mahmoud Karzai, the brother of the Afghan president and a major shareholder in beleaguered Kabul Bank called on Thursday for intervention by the United States to head off a financial meltdown.

WASHINGTON -- Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.

WASHINGTON -- A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits.

KABUL, Afghanistan -- Larger than usual crowds gathered to withdraw funds from Afghanistan's largest bank Thursday, but there was little sign that questions surrounding its viability had sparked a major panic.

WASHINGTON -- Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.

WASHINGTON -- Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.

KABUL - With Afghans clamoring to pull their cash from their nation's biggest bank, the United States risks a politically perilous decision: whether to step in to help shore up a wobbly bank critical not only to Afghanistan's economy but also to the battle against the Taliban.

U.S. regulators acting on "flawed information" denied Lehman Brothers the bailout assistance that its Wall Street competitors received, dooming the investment bank to collapse, former company chief executive Richard S. Fuld said Wednesday.

NEW YORK -- Stocks are surging after surprisingly strong growth in U.S. and Chinese manufacturing allayed some of the worries that had been building over the global economy.

KABUL - Hundreds of nervous account holders waited for hours Wednesday to withdraw their money from Kabul Bank, even as officials sought to assure them that the country's largest private bank was not in danger of collapsing.

WASHINGTON -- An inquiry panel is hearing from former CEOs of two big banks that succumbed to the financial crisis, Lehman Brothers and Wachovia Corp., as it delves into the "too big too fail" predicament and potential systemwide risk from financial institutions.

KABUL, Afghanistan -- Afghanistan's central bank tried to shore up confidence in the country's biggest financial institution Wednesday after its top executives resigned amid allegations of mismanagement and corruption.

WASHINGTON -- An inquiry panel is hearing from former CEOs of two big banks that succumbed to the financial crisis, Lehman Brothers and Wachovia Corp., as it delves into the "too big too fail" predicament and potential systemwide risk from financial institutions.

Moody's, one of three major credit rating firms that misjudged many of the securities at the center of the financial crisis, escaped legal action when regulators said they would not sue the company for fraud despite finding evidence that the firm misled investors.

Lenders posted their biggest quarterly profit in almost three years, even as the number of banks at risk of failure rose to 11 percent of insured institutions, the Federal Deposit Insurance Corp. said Tuesday.