Bailouts, Bank Bailout | featured news

Despite the massive repayments of TARP money coming from our biggest banks, the financial system is still very much dependent on the rescue operations of the government.

Perhaps the best illustration of this is the massive balance sheet of the Federal Reserve, which has inflated by purchases of $1.058 Trillion of mortgage backed securities.

Wells Fargo said Monday evening that it would repay the entire $25 billion that it received in the government's bailout last year. It said some of the money would come from a $10.4 billion stock sale.

World markets rise on the news. But even though the aid will cover a payment due today, spendthrift Dubai remains heavily in debt.

Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort ...

The plight of homeowners unable to refinance despite massive aid to banks is a volatile political issue.

President Barack Obama singled out financial institutions for causing much of the economic tailspin and criticized their opposition to tighter federal oversight of their industry....

Treasury Secretary Timothy Geithner on Wednesday moved to extend the government's $700 billion bailout fund into October 2010 and pledged to deploy no more than $550 billion of it.

Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.

The Obama administration, buoyed by a resurgent Wall Street, plans to cut the projected long-term cost of the Troubled Asset Relief Program by more than $200 billion, in a move that could smooth the way for the introduction of a new jobs program.

The United Arab Emirates central bank said it stood behind domestic and foreign banks operating in Dubai after a recent announcement about Dubai World’s debt.