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Regulators close down Nevada’s Silver State Bank

Mon, 08 Sep 2008 11:06:50 +0000

State and federal regulators shut down Nevada’s Silver State Bank. It was the 11th bank to fail in the U.S. so far this year.

Personal Finance Daily: The week’s 10 best Personal Finance stories: Sept. 1-5

Mon, 08 Sep 2008 11:06:22 +0000

In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Sept. 1-5:

Marsh on Monday: Can Buba-ism do for Europe what it did for Germany?

Mon, 08 Sep 2008 08:04:21 +0000

LONDON (MarketWatch) — When it came to spreading Socialism around the world after the Bolshevik Revolution, the 20th century’s two epic Communist leaders were in complete disagreement. While Lenin called for extending the Russian revolution into other nations, Stalin insisted that “Socialism in one country” was the only way to proceed. Abstruse though the comparison may appear, there are some parallels to what is happening today over European interest rates, following the European Central Bank’s decision last Thursday to keep its main lending rates unchanged and toughen collateral conditions for providing liquidity to international banks.

MarketWatch First Take: Time will tell if GSE bailout will achieve its purpose

Mon, 08 Sep 2008 08:04:10 +0000

The bailout of Fannie Mae and Freddie Mac has a little something for everyone, but it won’t be a success until the plan achieves a singular goal.

Washington Mutual ousts CEO Kerry Killinger - report

Mon, 08 Sep 2008 08:03:46 +0000

Washington Mutual is expected to announce Monday the departure of its Chief Executive Officer Kerry Killinger, according to a published report.

FundWatch: Mutual funds take varying approaches to shareholder rights

Mon, 08 Sep 2008 05:01:04 +0000

NEW YORK (MarketWatch) — A shareholder vote to re-elect the board of directors at J.C. Penney Co. highlights the stark differences in how mutual fund managers approach the issue of proxy voting.