Bank Bailout | featured news

Analysis: Spain faces corrosion not collapse from euro crisis

Spain Debt Crisis

Students are protesting on Barcelona's elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.

 

Fannie Mae Profit Signals a Stabilizing Housing Market

The government-backed mortgage financier said it made a profit in the first quarter and that it does not need additional bailout money — a first since the federal government took it over in 2008.

Senh: Another point for Barack Obama.

 

Fannie Mae earned $2.7B in Q1, doesn't' seek aid

Fannie Mae

U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis....

Senh: Yay! They're no longer sucking money from taxpayers.

 

U.S. Profit From AIG Rescue: $15.1 Billion

AIG

The U.S. may wind up posting a profit of more than $15 billion from the rescue of AIG, the Government Accountability Office said.

 

No Pay Raises for AIG, Ally, GM Chiefs

Chief executives of AIG, GM and Ally Financial, three companies bailed out by U.S. taxpayers and which remain partly owned by the U.S. Treasury, won't receive overall pay increases this year.

 

Compensation Cut at Fannie, Freddie

The federal regulator for Fannie Mae and Freddie Mac said it would eliminate performance-based bonuses for senior executives at the two mortgage-finance firms.

 

Whistleblower says BofA defrauded HAMP

Bank of America

Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday.

 

AIG selling billion of AIA shares, to repay bail-out

AIA Group

American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out.

 

Fannie Mae to Seek $4.6 Billion More in Aid

Fannie Mae said it will request $4.6 billion more in government aid after posting a $2.41 billion fourth-quarter loss.

 

Bank of America reverses loss and earns $2 billion

Bank of America made $2 billion in the last three months of last year, reversing a loss from a year earlier. It offset legal expenses over mortgages and losses in its investment...

 

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