Newly released e-mails from Goldman Sachs executives reveal new information about what the company may have known as the housing market fell. Ray Suarez talks to a New York Times reporter about the e-mails and Tuesday's Senate hearings.
Bankers from the nation's top financial institutions faced tough questions Wednesday from Congress, which has been investigating what led to the financial collapse and what role banks played. Kwame Holman reports.
Third-quarter earnings revealed a mixed picture on Wall Street as Goldman Sachs and J.P. Morgan Chase posted healthy profits, while Bank of America continued to struggle under the weight of rising credit card delinquencies and mortgage defaults.
Banking giant Citigroup Inc. announced Monday that it plans to trim approximately 50,000 more jobs as it struggles to steady itself after suffering massive losses from deteriorating debt.
By PBS NewsHour
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