Big foundations have been damaged by the turmoil on Wall Street, receiving fewer gifts or seeing some of their stock holdings lose value.

An exploration of A.I.G.’s demise offers insights into the virally connected financial world that is now imploding.

An exploration of A.I.G.’s demise offers insights into the virally connected financial world that began to implode in recent weeks.

For most of the financiers who remain, with the exception of a few superstars, the days of easy money and supersized bonuses are behind them.

An exploration of A.I.G.’s demise offers insights into the virally connected financial world that began to implode in recent weeks.

Once the federal government declares, “Thou shalt not fail,” there are no limits to how far future risk-takers will go.

Christopher Cox said the voluntary supervisory program of Wall Street’s largest investment banks had contributed to the global financial crisis and abruptly shut the program down.

As one institution after another is laid low by the present crisis, James Dimon stands at the head of a small band of bankers who are coming out on top in the new financial landscape.

Recent developments have spurred some in Washington to urge controls for the multitrillion-dollar credit-default swaps market.

Christopher Cox said the voluntary supervisory program of Wall Street’s largest investment banks had contributed to the global financial crisis and abruptly shut the program down.