Banks, Bailouts | featured news

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 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, 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 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.

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.

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

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.

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.

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.

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