Paulson Asks Executives to Help in Mortgage Crisis
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Turbulence in the financial markets will take some time to be resolved, said Secretary of the Treasury Henry M. Paulson Jr. on Wednesday.
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Treasury Secretary Henry Paulson  said on Wednesday he was concerned special interest groups were  lining up for handouts in an economic stimulus bill and urged  senators to keep it focused on simple tax rebates.
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HSBC Holdings Plc&#39;s  U.S.  subprime unit scheduled a management conference call with its  staff on Friday amid concern about layoffs and even a winding  down of operations, two employees at the unit said.
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U.S. Treasury Secretary Henry  Paulson said on Tuesday a decline in U.S. housing activity has  caused some damage in subprime mortgage markets but was not  hurting the overall economy.
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Business & money: Chief executive Stuart Rose blames rising interest rates, uncertainty and bad weather.
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Federal Reserve chief offers insights into conditions strained by housing and credit crises.
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President Bush's housing chief urged Congress on Monday to quickly enact legislation that he said could help stave off future distress for homeowners with high-risk mortgages without spending government money.
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WASHINGTON -- The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary."
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Lawmakers have asked the top executives of NYSE Group, what will be done about any technical problems that contributed to Tuesdayâs steep stock drop.
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U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said it was not a bailout for people who made bad decisions.
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Officials from Merrill Lynch, Bear Stearns and other major banks are in talks to bail out ACA Capital Holdings, according to two people briefed on the situation.
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Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said on Tuesday that former Federal Reserve board chairman Alan Greenspan will advise his firm.
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U.S. Treasury Secretary Henry Paulson urged China on Thursday to work toward a freely floating exchange rate to help disarm critics of Beijing's trade and currency policies.
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Treasury Secretary Henry M. Paulson Jr. said yesterday he personally initiated his department's role in a Supreme Court case that could hurt shareholders' efforts to recover losses in securities fraud lawsuits.
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Federal Reserve ex-head Alan Greenspan calls for direct help for homeowners hit by the credit crunch.
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Treasury Secretary Henry M. Paulson Jr. has enlisted the help of Ben S. Bernanke to press for changes in Chinese economic policies.
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Current and former CEOs of three major U.S. financial institutions deeply involved in the widening subprime mortgage crisis were asked on Monday by a Congressional committee to testify at a hearing next month on their massive pay and severance packages.