Banks, Bailouts | featured news

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

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.

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

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

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

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.

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

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

Fallout from anger over AIG's bonuses is following Sen. Chris Dodd from Washington back home to Connecticut.

Democrats and Republicans tried to outdo one another in voicing indignation as the House debated a bill to punish A.I.G. executives who got big bonuses.