Banks, Bailouts | featured news

Citi to Lend $5 Billion in TARP Funds

Citigroup will lend up to $5 billion in TARP funds in a municipal program to help finance construction of schools, airports, hospitals and other infrastructure products.

 

Capital One Aims to Repay TARP

Capital One Aims to Repay TARP

Capital One Financial joined U.S. Bancorp and BB&T, saying it would offer common shares as it looks to raise cash and pay back its TARP funds.

 

Fannie Mae to Tap $19 Billion in Treasury Capital

Fannie Mae, operating under a federal conservatorship since September, asked the US Treasury for a $19 billion capital investment as a seventh straight quarterly loss drove the mortgage-finance company's net worth ...

 

Banks returning bailouts will face conditions

Banks returning bailouts will face conditions

Banks that want to pay back their federal bailout funds and free themselves from government restrictions on compensation and dividends will have to sever their ties to another financial assistance program.

 

U.S. Delays Results of Stress Tests

U.S. Delays Results of Stress Tests

The Federal Reserve and Treasury plan to release results of their tests assessing the health of the country's 19 largest banks next Thursday, later than previously planned.

 

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 ...

 

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