Bankruptcy

Countrywide Tanks on Bankruptcy Rumor 

(Updated to reflect response from Countrywide) If markets needed any proof of just how jittery investors are to start the new year, one need look no further than a wild swing of events Tuesday morning at Calabasas-based Countrywide Financial Corporation. Shares of the nation’s largest lender fell sharply as unconfirmed rumors of a potential bankruptcy spread throughout the morning.