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FBI Looks Into Losses at Freddie

The FBI is looking into a report that Freddie Mac improperly deferred billions of dollars of losses incurred from 2001 through 2004.

 

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

BoFA Chief Lewis: U.S. Wanted Me To Keep Quiet About Plan To Buy Merrill Lynch

Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. -- a deal that later triggered a government bailout of BofA -- according to testimony by Kenneth Lewis, the bank's chief executive.

 

Geithner says most banks have sufficient capital

Geithner says most banks have sufficient capital

Treasury Secretary Timothy Geithner said on Tuesday that most U.S. banks have enough capital to keep lending but a pile of bad debts is fostering doubts about their health and slowing a recovery.

 

U.S. may convert bank bailout to equity share: report

Obama administration officials have determined they can avoid asking Congress for more bank bailout funds by converting existing loans to the largest U.S. banks into common stock, The New York Times reported on Sunday.

 

W.Va. bank becomes first to cut all bailout ties

A West Virginia bank has become the first to completely cut its ties to the federal government's $700 billion financial rescue ...

 

Fannie Mae chief tapped to head U.S. bank rescue

The executive chosen to lead Fannie Mae through a government takeover has been tapped to oversee the $700 billion rescue of the ...

 

Ousting bailed-out U.S. bank CEOs an option: Geithner

U.S. Treasury Secretary Timothy Geithner said on Wednesday he would consider forcing out chief executives of banks that receive government bailouts if they were not managing their businesses properly.

 

Ouster Worries Bank Executives

Ouster Worries Bank Executives

Bailed-out banks take notice after Obama adopts hard line with Detroit, forces GM CEO to resign.

 

AIG employee quits at 'betrayal'

A top executive at troubled insurer AIG publicly resigns and says he will donate his entire bonus to charity.

 

Goldman Looking To De-TARP

The bank holding company wants to return funds to taxpayers, but it will not do so before the stress test.

 

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