Treasury Secretary Henry Paulson on Thursday defended his handling of the financial crisis but refused to say whether any further help will be offered to struggling bank Citigroup.

US Treasury Secretary Henry Paulson said on Thursday that reform of financial regulation was crucial but warned against hasty action that could lead to harm.

Tokyo's bid for the 2016 Summer Olympic Games will not be affected by the present global financial crisis their bid chief told AFP here on Thursday.

Treasury Secretary Henry Paulson said on Thursday that federal authorities have the right tools and have taken the necessary steps to prevent a financial system collapse.

The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.

Fitch Ratings said Thursday it was withdrawing its "A-" rating and negative outlook on Genworth Financial Inc. and would no longer rate or provide analytical coverage of the insurance and investment company and several of its subsidiaries.

By Peter Schworm, Globe Staff Boston College President Rev. William P. Leahy called today for a university-wide 2 percent spending cut to bolster the institution's financial aid budget in anticipation of increased requests for tuition assistance. "Need for financial aid...

Livingston reject claims they are facing financial problems with the Inland Revenue seeking unpaid taxes.