government bailout
| 7:00AM 6/30/2011
During the past month, AIG stock fell nearly 10% drop after an announcement that the government would sell some of its stake in the insurance giant. The Treasury's ownership in the company has declined from 92% to 77%, but the prospect of its future sell-offs are holding the stock down.
| 9:25AM 1/19/2011
Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the number of executives who report directly to CEO Vikram Pandit.
| 5:30PM 12/08/2010
Insurance giant American International Group on Wednesday signed an agreement with the government that details its plan to repay its government loans. Meanwhile, The Wall Street Journal reports that the government plans to sell much of AIG's stock in the next few months.
| 2:15AM 12/07/2010
The Citigroup bailout is officially over: The U.S. Treasury has sold the last of its shares of the bank. Overall, the U.S. government netted $12 billion in profit from the $45 billion bailout.
| 5:30PM 11/18/2010
Following General Motors' historic return as a publicly traded company Thursday, President Obama said the U.S. government, despite the many critics, is on track to more than recoup the nearly $50 billion it invested in the Detroit automaker.
| 6:35AM 11/17/2010
Fiat is still planning to spin off the American carmaker late next year, but the road to an IPO could be bumpy.
| 7:04AM 10/20/2010
The TARP bailout of financial firms has yielded a return of 8.2% in two years.
This return, $25.2 billion on an investment of $309 billion, beats what could have been gained by U.S. Treasuries, high-yield savings accounts and certificates of deposit, Bloomberg News reported.
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| 9:35AM 10/18/2010
Institutional demand for American International Group's $15 billion initial public offering for AIA, its Asian life insurance unit, is so strong that AIG may close it to institutional buyers two days earlier than planned.
| 3:00AM 10/05/2010
The Federal Reserve chief warned Monday that the government must figure out how to shrink huge budget deficits, which now pose a "real and growing" threat to the U.S. economy.
| 2:30PM 10/01/2010
When the government gave $700 billion to banks to keep them from collapsing when the economy teetered on the brink in 2008, the decision was controversial. Many decried the use of taxpayer money being used to bail out banks due to their own bad bets, and more than a few economists and pundits...