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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.

 

Stocks Pull Back After Monday’s Run

Stocks retreated as investors cashed in on their profits a day after Wall Street rallied on new details regarding Washington’s bank-rescue plans.

 

$50 Million in A.I.G. Bonuses to Be Repaid

$50 Million in A.I.G. Bonuses to Be Repaid

Attorney General Andrew M. Cuomo of New York said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had returned their bonuses.

 

Obama Dials Down Wall Street Criticism

Obama Dials Down Wall Street Criticism

The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan.

 

Stocks Rise Sharply at Bell

Investors respond positively to plan to remove up to $1 trillion in bad assets from banks' books.

 

AIG starts makeover, changes sign at N.Y. office

AIG starts makeover, changes sign at N.Y. office

Workmen rolled up their sleeves at American International Group Inc this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer.

 

Washington Mutual sues FDIC for over $13 billion

Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the loss of its banking operations, which was acquired by JPMorgan Chase & Co.

 

AIG bonus payments $218 million

AIG bonus payments $218 million

Documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $218 million in bonuses, more than the previously disclosed $165 million, published reports said on Saturday.

 

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