Treasury says TARP exceeded expectations

2010-10-05T12:30:09Z

WASHINGTON (Reuters) - Despite its enormous unpopularity among voters, the government's Wall Street bailout plan succeeded much more quickly and at a lower cost than expected, a Treasury report released on Tuesday said.

"The

Bank bailout supporters struggling for re-election

2010-10-05T19:12:35Z

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The Cost of TARP: One More Time

2010-10-04T03:00:52Z

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TARP officially ends Sunday

2010-10-03T11:07:53Z

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White House slashes bailout cost estimate

2010-09-30T15:15:21Z

WASHINGTON (Reuters) - The U.S. financial bailout would cost less than $50 billion, slashing a prior estimate by more than half on the back of a new plan to sell the government's stake in insurer American International Group, the O...

Treasury announces sale of Citigroup shares

2010-09-29T21:44:55Z

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Obama frustrated with talk that he's anti-business

2010-09-21T14:42:59Z

Obama defends stance on financial reform; Denies he's striking an anti-business posture

President Barack Obama says he's been frustrated over accusations he's been too hard on Wall Street, saying his push for financial reform doesn't amount to "being extremist or anti-business."

Answering questions at a town hall forum spons...

British watchdog fines Goldman Sachs £17.5 mln

2010-09-09T02:15:27Z

Britain's financial watchdog said on Thursday it had fined Wall Street bank Goldman Sachs 17.5 million pounds (27 million dollars) for not providing it with information linked to US fraud charges.

The Financial Services Authority

Goldman Sachs fined £17.5 mln by FSA

2010-09-09T02:15:21Z

Britain's financial watchdog said on Thursday it had fined Wall Street bank Goldman Sachs 17.5 million pounds (27 million dollars) for not providing it with information linked to US fraud charges.

The Financial Services Authority

Government Should Encourage Foreclosures

2010-11-02T12:26:56Z

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Citigroup spent $1.47M lobbying in 2nd quarter

2010-08-31T11:45:13Z

Citigroup spent $1.47 million lobbying in 2nd qtr on Wall Street reform, banking regulations

Citigroup Inc. spent $1.47 million in the second quarter to lobby the federal government on various aspects of the financial regulatory overhaul and other issues, according to a disclosure report.

That's 12 percent less than the $1.67 million the bank spe...

NYC House race boils down to Wall Street visions

2010-08-30T13:00:04Z

Longtime NYC congresswoman faces strong bid by newcomer with Wall Street at center stage

It's an audacious gamble, even with anti-establishment fever running high: a former hedge fund lawyer trying to unseat a nine-term congresswoman popular in her district.

As political newcomer Reshma Saujani takes on SPIN METER: In fresh wave of bailouts, Obama plan directs $30 billion to aid community banks

People are fed up with bank bailouts that risk taxpayer billions. The government's apparent solution: call them something else.

Congress is at work on a new program that would send $30 billion to struggling community banks, in a process similar to the huge federal bailouts of big banks during the financial crisis. This time, money is more likely to disappear as a res...

Too Big to Trust

2010-11-02T12:24:33Z

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Autodesk's CEO On Wall Street Vs. Main Street

2010-11-02T12:24:18Z

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An Outbreak of Investor Discontent

2010-11-02T13:50:01Z

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Always next year ?

2010-09-08T17:50:40Z

U.S.-backed housing finance giants Fannie Mae and Freddie Mac, with their broken business models, are notoriously absent from the U.S. financial rules overhaul close to becoming law.
Inclusion of housing finance reform would bog down the broadest Wall Street reform since the 1930s and delay needed rule changes on consumer protection, systemic risk controls and financial derivatives products, the Treasury says. But early next year, the U.S. will issue a paper outlining proposals and reco...

Don't The Banks Deserve An Apology? (BAC, C, JPM, WFC, GS, MS)

2010-09-11T03:23:49Z

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Wall Street overhaul clears Senate, heads to Obama

2010-07-15T22:15:19Z

The US Senate gave final approval to the most sweeping rewrite of Wall Street rules since the Great Depression of the 1930s, handing President Barack Obama a legacy-shaping political victory.

Obama, due to sign the 2,300-page bill into law next week...

Housing revamp to start next year: Treasury No. 2

2010-07-15T10:45:27Z

NEW YORK (Reuters) - The Treasury will not launch its revamp of housing finance until next year as it concentrates first on swift implementation of financial reform legislation, the Treasury's number two official said on Thursday.

U.S.-backed housing finance giants Fannie Mae and Freddie Mac, wi...

Bailed-out small banks face takeover risk: panel

2010-09-15T14:37:20Z

WASHINGTON (Reuters) - Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency warned on Wednesday.

In its latest critique of the Treasury Departmen...

Watchdog: Small banks struggling despite bailouts

2010-09-15T14:37:19Z

Bailouts designed for Wall Street may be hurting small banks, stalling recovery, watchdog says

To the list of economic woes squeezing small banks, add another one: government bailouts.

The Treasury Department's bailout program was designed with Wall Street megabanks in mind, according to a new watchdog report. Th...

Senatot Ben Nelson says will back Wall Street bill

2010-07-13T09:00:42Z

WASHINGTON (Reuters) - Democratic Senator Ben Nelson said on Tuesday he will back a historic rewrite of financial regulations, likely giving the bill enough votes to win final approval in Congress.

"I will support the Wall Street reform bill to end bailouts, add common sense consumer protections and make sure tha...

The Wall Street Reform That Wasn't

2010-11-02T13:45:52Z

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Country Risk: The World According to Robert Rubin (Updated)

2010-11-02T12:06:42Z

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Financial Reform - The Good, The Bad, And the Even Worse

2010-11-02T12:06:26Z

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Senator Snowe has concerns about tax in Wall Street bill

2010-06-28T16:30:39Z

WASHINGTON (Reuters) - A Republican senator whose support will be crucial to Democrats' chances of passing a landmark Wall Street reform bill said on Monday she was concerned about a bank tax added to it at the last minute.

"I have concerns about the bank tax because it emerged during the co...

The Third Depression?

2010-11-02T12:06:17Z

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Obama urges final passage of Wall Street reform

2010-06-26T07:15:51Z

US President Barack Obama called on Congress on Saturday to give final approval to Wall Street reform, arguing it will ensure the strongest consumer financial protections in US history.

"I don't have to tell you why these reforms are so important," Obama said in his weekly radio address.

"We'll put in place the...

Obama calls for bank tax as next step in reform

2010-06-26T03:15:19Z

TORONTO (Reuters) - President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.

Obama wants to slap a 0.15 percen...

Obama prods Congress to finish financial overhaul

2010-06-26T03:15:15Z

Obama prods Congress to send him financial overhaul bill to help consumers, buttress economy

President Barack Obama prodded Congress on Saturday to send him financial overhaul legislation, saying the landmark compromise lawmakers have crafted would be a boon to consumers and help deflect the next global financial crisis.

"We're still digging ourselves out of an economic crisis that happened largely beca...

Analysis: Lack of jobs could undercut Obama win

2010-06-26T02:00:08Z

Analysis: Financial reform a plus for Obama; what really matters is jobs for more Americans

The sweeping overhaul of the nation's financial industry is President Barack Obama's answer to the nation's outrage over Wall Street bailouts.

But come November if more Americans don't have jobs, Democrats in Congress could very well lose theirs, too.

Th...

Finance reform bill leaves much detail for later

2010-06-25T15:31:08Z

The details to come: Financial reform legislation leaves holes for regulators to fill in later

There's one thing everyone can agree on about the financial overhaul agreement lawmakers reached early Friday: There's a lot they don't know yet.

The roughly 2,000 page bill intended to rein in risk on Wall Street and protect consumers contains nearly 400 items where regulators from various federal agencies must...

US Congress forges major financial reform bill

2010-06-25T10:16:31Z

The US Congress hammered out a sweeping financial reform bill Friday aimed at tightening regulation and ending practices blamed for leading to the 2008 financial crisis.

President Barack Obama said the financial overhaul will hold Wall Street "accountable" to the American people.

"We are poised to pass the toug...

Congress sprints for Wall St reform finish line

2010-06-22T09:45:39Z

WASHINGTON (Reuters) - Lawmakers racing to complete the biggest overhaul of the financial rulebook since the 1930s sat down on Tuesday with fresh deals in hand on consumer protection, debit cards and mortgages.

Members of a Senate-House of Representatives panel still have a lot of work to do to in order to meet a goal of complet...

Bailout vote could claim two more GOP lawmakers

2010-06-26T05:34:13Z

Vote to aid troubled banks roils GOP primaries, claims one senator, more lawmakers could fall

One Republican senator lost his job because he voted for the 2008 bank bailout. Two other GOP lawmakers may be next.

Former President George W. Bush's lifeline to financial institutions is roiling GOP primaries, with Republicans who r...

What's Good for Finance Is What's Good for the Country. Right?

2010-09-10T11:48:58Z

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Bailout firms pay nearly all back taxes owed

2010-06-14T14:30:21Z

Treasury IG: Firms getting Wall Street bailout money nearly pay off $530M in back taxes

A government investigator says companies receiving money from the government's Wall Street bailout have repaid nearly all the $531 million in unpaid federal taxes they owed when they entered the program.

The President Barack Obama turned up the heat Saturday on lawmakers to pass an ambitious Wall Street regulatory overhaul, as the measure headed for a key vote in the Senate.

"The reform bill being debated in the Senate will not solve every problem in our financial system: no bill could," Obama said in his weekly radio address ahead of what is expected to be an up-or-down vot...

HOW THEY'D FIX, NOT FIX, WALL STREET

2010-06-12T08:07:49Z

GOP Senate candidates all oppose DemocratsÕ reform plan, differ on strategies

By now the causes of the financial crash that led to the Great Recession are well known.Americans, including homebuyers and regulators, community banks and Wall Street titans, were like skiers blithely ignoring the risk of avalanche, while a few destructive firms lit explosives that got the cascade started.

In short: ...

Suggestive GOP ad attacks Ohio Senate Dem hopeful

2010-10-27T06:45:14Z

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Bill Black on Financial Regulation: Wall Street Already Breaking Current Rules

2010-10-27T06:33:51Z

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The U.S. Needs Real Financial Reform

2010-10-27T06:44:39Z

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Key points of Senate Wall Street regulation bill

2010-04-29T00:15:24Z

Key points of the Senate's Wall Street regulation legislation

Key provisions of financial regulation legislation being considered by the Senate:

_A nine-member Financial Services Oversight Council made up of the treasury secretary, Fede...

Projecting the Post-Reform Financial Sector

2010-10-27T06:31:31Z

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Geithner: Final bailout cost under one percent of GDP

2010-04-23T16:16:14Z

US Treasury Secretary Timothy Geithner told top lawmakers Friday that much-criticized bailout programs in response to the 2008 economic meltdown will cost no more than 87 billion dollars.

Geithner's letter came as the US Senate braced for a critical procedural vote Monday on legislation to enact President Barack Ob...

Geithner: Final TARP cost under one percent of GDP

2010-06-26T03:41:10Z

US Treasury Secretary Timothy Geithner told top lawmakers Friday that the final cost of the much-criticized Wall Street bailout will run less than one percent of US gross domestic product (GDP).

"A year ago we estimated that our support of the financial system could cost more than 500 billion dollars or 3.5 p...

Wall Street gives much to lawmakers in reform debate

2010-10-13T15:04:02Z

WASHINGTON (Reuters) - Democrats and Republicans in the U.S. Congress may want to look tough on financial reform in front of voters but that has not stopped them from filling their re-election war chests with plenty of <...

Six Things Worth Fighting For in the Senate Bill

2010-10-27T06:30:41Z

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Obama slams Wall Street ways while asking support

2010-06-26T03:40:36Z

Obama ratchets up pressure for financial overhaul, urges lawmakers to give him a bill quickly

President Barack Obama rebuked Wall Street for risky practices Thursday even as he sought its leaders' help for "updated, commonsense" banking regulations to head off any new financial crisis.

"Ultimately there is no dividing line between Main Street and Wal...

Financial Reform will Limit the Power of Large Wall Street Banks

2010-10-27T06:40:10Z

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Obama: Call off battalions of lobbyists

2010-06-26T03:39:53Z

Obama: Call off battalions of lobbyists, join the financial reform effort

President Barack Obama says Wall Street should call off its "battalions" of anti-reform lobbyists and join the government in backing new rules to prevent future economic calamities.

Speaking at Cooper Union in PNC posts lower 1Q profit after repays bailout funds; sets aside less money for loan losses

PNC Financial Services Group Inc. on Thursday said its first-quarter profit fell almost 28 percent as it paid back government bailout funds.

But Pittsburgh banking company's results excluding charges beat

Financial Reform: It's Greed, Stupid!

2010-10-27T06:30:08Z

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New bank tax picks up support in Congress

2010-06-26T03:38:28Z

New bank tax gaining support in Congress as Democrats look to finance election-year agenda

A new tax on large banks is picking up support in Congress as Democrats target financial institutions that benefited from the Wall Street bailout to help pay for their jobs program and other election-year initiatives.

One senator, Chuck Schumer, D-N.Y., s...

FACT CHECK: An echo is heard in Wall Street debate

2010-06-26T03:36:36Z

FACT CHECK: GOP attack on Wall Street oversight bill has been heard before _ from Democrats

Republicans say White House-backed legislation to oversee the financial industry would lead to more government bailouts. Democrats say that won't happen. So who's right?

No one can be sure. But in this case, some key Republican arguments are supported by...

Geithner confident on financial overhaul

2010-06-26T03:35:16Z

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Sunday expressed confidence that lawmakers will bridge partisan differences on the overhaul of financial regulations and pass a bill that protects taxpayers from financing future bailouts.

"I am very confident that we're going to have the votes for a strong package of financial reforms that wi...

Obama pushes bank reform, lashes out at Republicans

2010-09-22T13:55:36Z

WASHINGTON (Reuters) - President Barack Obama accused Republicans on Saturday of spreading misinformation about a Democratic bill that aims to tighten oversight of Wall Street banks and their practices.

With debate heating up in Washington about re...

New US political battle flares over finance reform

2010-06-26T03:33:48Z

A new political battle erupted over President Barack Obama's next big ticket agenda item -- a reform billed as the most sweeping Wall Street regulatory overhaul in more than 70 years.

The bitter fight over health care may be over, but a White House meeting on Wednesday between Obama and top Republicans and Democ...

Obama turns up pressure in financial reform push

2010-06-26T03:33:18Z

WASHINGTON (Reuters) - President Barack Obama will turn up the pressure for an overhaul of Wall Street regulations when he meets on Wednesday with top Democratic and Republican lawmakers to discuss a sweeping package of reforms.

Republican opponents are seizing on a provision that would allow regulators to st...

Top GOP senator, White House clash on financial reform

2010-06-26T03:33:06Z

WASHINGTON (Reuters) - The White House said "yes we can" on financial regulatory reform on Tuesday, while the top Republican in the U.S. Senate said "no we won't."

A bare-knuckles fight is coming in days ahead as the Obama administration and congre...

Bailout bonus tax would be legal: Connecticut AG

2010-03-23T12:15:25Z

NEW YORK (Reuters) - Proposals to tax bonuses over $1 million at companies that received government bailouts are likely constitutional, Connecticut Attorney General Richard Blumenthal said on Tuesday.

Blumenthal, responding to request from a state lawmaker for a formal legal opinion, said in a statement that the proposals would likely withstand a cou...

Obama urges Senate action on finance reform

2010-06-12T15:48:23Z

US President Barack Obama on Saturday urged senators to pass a comprehensive overhaul of the US financial system that would include a new agency to protect consumers from Wall Street's excesses.

"These reforms are essential," Obama said in his weekly radio address.

"As I've urged over the past year, we need com...

Once skeptical, Congress warms to CFTC's Gensler

2010-10-13T15:17:15Z

WASHINGTON (Reuters) - Gary Gensler, who once supported market deregulation blamed for the recent financial meltdown, has been winning over members of Congress who had been skeptical of his ability to rein in Wall Street as the top U.S. futures regulator.

Taxes on the Rich Should Be Raised and Income Redistributed

2010-10-25T11:22:58Z

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Cheap cigars, politics and the Volcker Rule

2010-06-26T03:08:14Z

NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclea...

Wall Street

2010-12-30T05:30:21Z

FILE - In this March 8, 2010 file photo, a sign for Wall Street is shown near the New York Stock Exchange. (AP Photo/Mark Lennihan, file)

...

Earns ConAgra Foods

2010-12-21T10:32:00Z

FILE - In this March 24, 2010 file photo, Reddi Wip dairy whipped topping lies in a cooler case for sale at the Heinen's grocery store in Bainbridge Twp., Ohio. ConAgra Foods Inc. said Tuesday, Dec. 21, 2010, a poor consumer response to promotions was part of the reason its fiscal second-quarter net income fell 16 percent, but the results met Tokyo as Japan's benchmark Nikkei 225 stock average gained 8.76 yen, or 0.09 percent, and closed at 10,022.39 Friday, Nov. 19, 2010. Asian stocks were mixed Friday as speculation that China may be gearing up for more measures to combat inflation tempered a

Books Common

2010-11-17T10:32:53Z

FILE - In this Nov. 8, 2010 file photo released by VH1, Common arrives at the VH1 Save the Music Foundation 2010 Gala held at Cipriani Wall Street in New York. (AP Photo/VH1, Evan Agostini)

Copyright 2010 Best Buy store demonstrates a Motorola Droid that uses Corning Inc., Gorilla (R) Glass in Buffalo, N.Y. Corning Inc. said Monday, Nov. 1, 2010, its profit jumped 22 percent in the third quarter but it ...

News on Wall Street

Obama hones populist message to push economic agenda

US bank bailout was 'critical': Congress watchdog

Treasury urged to complete plans to staff TARP

Alive And Well: Tax Breaks For Billionaires

Alive And Well: Tax Breaks For For Billionaires

Will TARP Fix The Financial System?

Obama State of the Union

Taxes and inflation data to dominate week

Munis Unchanged With Firmer Tone

JPMorgan to Pay Texas 32M Over ARS Risks

Banker 70 Billion Pay Deals

Bailout Bill Passes

A look at what would be in a Senate Wall Street reform bill

Sponsor an Executive

Credit Scams and the Big 3 Auto

American Coup of 2008

Financial Crisis Recovery - is it possible?

The Bailout: A Necessary Evil

TARP at 2 Years; Wall Street Cash on Capitol Hill