The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.
Now that the nation’s biggest banks have returned the money the government provided to keep them from collapsing, readers are wondering if those banks needed the money in the first place.
The Obama administration says it is removing the $400 billion financial cap it will provide to Fannie Mae and Freddie Mac to keep the mortgage giants from failing.
WesBanco Inc. says it's completely out of the U.S. Treasury's bank bailout program.
A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance giant's majority owner — the U.S. government — because the executive has decided to remain with the company.
The Obama administration is setting aside $30 billion from the financial bailout fund for a range of initiatives designed to encourage lending to small businesses to aid the economic recovery.
Citigroup is nearing a deal with the U.S. government to begin repaying some of the billions in bailout aid it has received, according to a published report.
The Treasury Department has told four bailed-out companies that they can't pay some top earners more than $500,000 cash per year. But it's told the official who made that decision that the rule shouldn't always apply.
The Treasury Department has received $9.45 million in the sale of warrants it had received from TCF Financial Corp. as part of the support the government provided the bank during last year's financial crisis.
General Motors and Chrysler have used the majority of their bailout funds for day-to-day expenses such as payroll costs and payments to suppliers, a government watchdog has found.
Treasury Secretary Timothy Geithner on Thursday defended his extension of the government's unpopular financial bailout as necessary to safely wind down the program.
Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government's financial bailout program until next fall, saying it's needed to protect against fresh economic shocks.
The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says.
The Great Bank Bailout of 2008 appears to be winding down — or at least some of the money is flowing back to the U.S. Treasury where it came from. So when the books are finally closed, how much will all this have cost taxpayers?
The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.
The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of the support it provided the bank during last year's financial crisis.
Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from the government, people familiar with the talks told The Associated Press.
General Motors has returned $140 million of the $290 million it received from the government to support is parts suppliers.
Big banks are roaring back.
The era of the fame-averse might actually be upon us. “Twilight” star Kristen Stewart, who helped the film franchise gross almost $400 million worldwide, said she doesn’t have an interest in blockbuster-level celebrity.
Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto industry.
The top financial officer of insurance giant AIG defended the federal government's $180 billion bailout of the company in a return to his alma mater.
The former head of the Obama administration's auto task force expressed optimism Wednesday that General Motors and Chrysler could rebound and help taxpayers recoup some of their multibillion-dollar investment in the Detroit auto companies.
The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers.