Bailouts, U.s. Treasury | featured news

The department persuaded some big banks to pay more than market estimates to repurchase warrants issued to the government during the financial crisis, suggesting taxpayers could benefit from costly financial-rescue programs.

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.

GMAC, the car financing company, is set to receive up to $5.6bn in a new capital injection from the Treasury, filling a hole identified in the “stress tests” earlier this year and paving the way for the government to become the majority shareholder

With the wiring of nearly $10 billion to the Treasury, U.S. Bancorp and BB&T became the first large financial institutions to announce that they have repaid the government in full.

The former financing arm of General Motors will receive $7.5 billion, which would bring its total federal assistance to more than $12 billion.

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 ...

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.

General Motors (GM) has received another $2bn (£1.4bn) in loans from the US Treasury, it has been announced.

The U.S. Treasury estimates that there is about $134.5 billion left in its financial-rescue fund, which would mean that about 81% of the $700 billion program has been committed.