NEW YORK, Dec. 31 (UPI) -- Crude oil prices soared Wednesday on the New York Mercantile Exchange, although prices closed more than $50 below levels that closed out 2007.

NEW YORK, Dec. 19 (UPI) -- Banks in Spain, Britain, France and Japan lent billions of asset-secured dollars to feeder funds that funneled money to a New York trader accused of fraud.

NEW YORK, Dec. 15 (UPI) -- Banks from Japan to France say their exposure to fraud conducted by a New York trading company could reach billions of dollars.

By STEFAN NICOLA
UPI Germany Correspondent BERLIN, Oct. 6 (UPI) -- The financial crisis has hit Europe harder than expected, with banks all over the continent on the brink of collapse.

SEATTLE, Sept. 18 (UPI) -- A major Washington Mutual bank stockholder waived off a critical deal that allows the troubled bank greater capacity for selling itself, sources said.

"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey Don't you love "election year magic?". Oil and commodity prices are falling, and today the SEC has extended its emergency order prohibiting naked short sel[More...]

The first thing I want to address tonight is the statement made today by Christopher Cox, Chairman... [More...]