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What is Libor? Answers to interest-rate questions
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WASHINGTON (AP) -- It goes by a clumsy acronym, and its inner workings may be difficult to understand, but a key interest rate set in London every business day is having a dramatic impact on the U.S. and global economies as the credit crisis has intensified.
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WaMu lists debt of $8B in bankruptcy filing
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DOVER, Del. (AP) -- The holding company for Washington Mutual, the thrift that was seized by the Federal Deposit Insurance Corp. last week and had its banking assets sold to JPMorgan Chase & Co. for $1.9 billion, lists debts of more than $8 billion in a Delaware bankruptcy filing.
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