Bailouts | featured news

American International Group and federal overseers have decided to scrap a plan to use cash flows from life-insurance policies to repay $8.5 billion in federal aid as the market recovery has opened up other options.

GMAC plans to return to the stock markets with an IPO in the next two years, in a move aimed at gradually exiting from government help and eventually repaying its rescue aid.

JPMorgan Chase's Jamie Dimon pulled in a roughly $17 million bonus in restricted stock and options for 2009, making him one of the best-paid banking chiefs around.

Two Democratic senators on Thursday proposed legislation that would impose a one-time tax on bonuses paid to executives of companies bailed out with taxpayer money.

American International Group plans Wednesday to pay another round of employee bonuses worth about $100 million, said several people familiar with the matter.

Treasury Secretary Timothy F. Geithner said the government rescued American International Group Inc. to prevent a "catastrophic" blow to the U.S. economy, not to save any of AIG's counterparties.

Stocks retreated Friday for a third straight day on fresh concerns about President Barack Obama's proposed restrictions on banks....

The department persuaded some big banks to pay more than market estimates to repurchase warrants issued to the government during the financial crisis, suggesting taxpayers could benefit from costly financial-rescue programs.

Declaring "We want our money back," President Barack Obama wants to slap a tax on banks to recoup the money that the American public spent on bailing out large financial institutions on the brink of collapse....

Central bank will return the money to the Treasury; bank's unconventional efforts to prop up the economy created windfall for the government.