Paulson calls meeting of major U.S. banks

U.S. Treasury Secretary Henry Paulson has called the leaders of the top U.S. banks to a meeting Monday in Washington, D.C., according to news reports.

U.S. moves to get $700 billion rescue started

The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program.

Wall Street stages huge rally after bank aid

Wall Street is snapping back from last week's devastating losses on growing hopes the stock market will finally find some footing.

Oil rebounds on Europe’s bank rescue plan

A pledge by European countries to keep banks from collapsing injected optimism into oil markets Monday, with prices rebounding from a 13-month low.

World markets soar after bank aid plans

European markets climbed Monday following Asia’s lead in response to the widespread government efforts over the weekend to shore up the world’s troubled financial system.