The dealers who brought us the CDOs linked to risky assets such as sub-prime mortgages are using another complicated product to line their tailor-made pockets. It’s the total return swap, designed to help foreigners not pay taxes.

iStar Financial Inc. , a leading publicly traded finance company focused on the commercial real estate industry, today reported results for the first quarter ended March 31, 2008.

Japan is closely working with the U.S., its most important ally, to tackle soaring oil and food prices, the main topics of an international meeting starting Friday, Japan's finance minister said.

Bank of America is buying Merrill Lynch for about US$50 billion in a deal that should lift the uncertainty shrouding Merrill since the credit crisis began over a year ago, according to a person briefed on the deal.

When you sit at your kitchen table and write your monthly mortgage check, your signature may be the first stop on a journey that takes your money to the other side of the world. Chances are, your bank has resold your mortgage, and the Chinese government,