Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector.

Continue watching

Bank of America, the largest U.S. lender by assets, reported that its income in the first quarter of 2009 more than tripled to $4.2 billion.

Continue reading

President Barack Obama traveled to Mexico for talks with President Felipe Calderon and newly-released government data showed that new home starts fell more than 10 percent in March.

Continue watching

In other news, a federal judge dismissed former Alaska Sen. Ted Stevens' corruption conviction and Vermont's state legislature voted to override the governor's veto of a bill allowing same-sex marriages.

Continue watching

Sales at Detroit's Big Three automakers dropped 45 percent from a year ago, and the markets rose slightly on good news in the housing and manufacturing markets.

Continue watching

In other news, the Dow Jones industrial average and the Nasdaq both made gains and computer giant IBM announced it will cut about 5,000 jobs from its U.S. workforce.

Continue watching

Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role.

Continue reading

In other news, stocks rose on a Commerce Department report that orders for durable goods increased in February and news that new homes sales rose 4.5 percent.

Continue watching

Author William Cohen discusses his book "House of Cards," which tells the story of how investment banking giant Bear Stearns collapsed in 2008.

Continue watching

In the day's other news headlines, Wall Street rallied after the Fed announced more funds to stimulate the economy and Vice President Joe Biden warned county and city officials not to squander stimulus funds.

Continue watching