Temporary Liquidity Guarantee Program

Banks may soon have six more months of access to the FDIC's debt guarantee program, which was set to expire on October 31. The FDIC board voted unanimously to seek comment for 15 days on extending the program on an emergency-only basis, according to Bloomberg on Thursday. The program allowed banks,...

Earlier today, General Electric (GE) gave an update regarding the health of its GE Capital unit. This move, designed to allay investor concerns that have been brewing since the company reported its second quarter results, followed a similar meeting in March that gave the stock a much-needed boost....

What if neither bankruptcy nor a bailout is enough to save CIT Group (CIT)? Overshadowing the $3 billion in losses that the troubled lender to fast-food franchisees and retail chains has posted over the past two years is an even bigger problem: Its business model looks obsolete. And efforts to...

CIT Group Inc. (CIT) leaked an internal report to Bloomberg indicating that 760 manufacturing firms may be at risk if the FDIC doesn't back its debt and the lender is allowed to fail. But so far the FDIC is taking the position that CIT is not a systemic risk. The internal report from CIT also...