Wall Street banks are facing damages to the tune of $25bn but are reluctant to set aside reserves as they fear it may encourage new claims. Suzanne Miller reports on the legal battle that threatens to spread overseas.

Wall Street is finding that there is no quick fix when it comes to winning back public confidence. Suzanne Miller reports from New York on leading banks' attempts at restoring investor faith

In creating the modern Citigroup, Sandy Weill took the banking industry into a new era. Now beset by troubles on all fronts - Enron and WorldCom fallout, consumer finance allegations and a controversial new management structure - some analysts fear 'the king of capital' may be losing his magic touch.

Argentina's spectacular sovereign debt default may, ironically, change international rules on dealing with such collapses while coming too late for the country itself. Suzanne Miller reports from New York on why the IMF may finally have run out of patience with its old friend.