Not all chief executives at the nation's largest investment banks will receive a lump of coal instead of their typical millions of dollars in holiday bonuses this Christmas.
The banks trying to form a bailout of troubled structured investment vehicles have given up their efforts after struggling to raise money from investors, according to media reports on Friday.
The Securities and Exchange Commission is probing how Washington Mutual Inc., the nation's largest savings and loan, handled mortgages that were possibly based on inflated home appraisals.
