Topic: Financial Rescue Plans

EU stress tests body defends itself against charges it understated government debt exposureThe little-known body that organized this summer's stress tests into 91 EU banks defended itself Wednesday against charges that its assessment was not rigorous enough, particularly with regard to the ...
The European Union's financial services chief called on Wednesday for so-called "stress tests" on banks to be carried out on a regular basis, to judge their resilience in the event of another crisis. "I am completely of the opinion that in future, ...
Summary Box: Treasury announces it will sell warrants for 2 insurance firmsWARRANTS: Treasury announced Tuesday it will auction warrants it received from insurance giants The Hartford Financial Services Group Inc. and Lincoln National Corp. in the new few weeks. BAILOUT FUND: The ...
Lincoln National, Hartford Financial Services shares down after US announces warrant auctionShares of Lincoln National Corp. and Hartford Financial Services Group Inc. fell Tuesday, after the U.S. government said it will auction warrants from the two insurance companies in the next several ...
Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, the EU's competition commissioner said Saturday. "We are now starting the analysis on what to do ...

Regulators say bank reforms help avoid crises

WASHINGTON (Reuters) - New powers from the financial reform law will help avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said on Wednesday. A commission investigating the causes of ...

NZ government steps in after lender's collapse

New Zealand launched a near-1.8 billion dollar" class="inform">dollar (1.26 billion US) bailout Tuesday after one of the country's largest non-bank lenders collapsed with massive debts. The government said it was covering debts owed to 35,000 depositors at South Canterbury Finance after the ...

Crisis panel to hear from Bernanke and Lehman's Fuld

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke and bank regulator Sheila Bair will testify this week before a panel exploring the causes of the financial crisis. The Financial Crisis Inquiry Commission, a 10-member Congressionally appointed panel, said on Monday it will ...
Bernanke to testify on 'too big to fail' banks at financial crisis inquiry panel this weekFederal Chairman Ben Bernanke will testify this week about his role in the bank bailouts that sent billions of taxpayer dollars to banks deemed "too big to ...
German government adopts financial overhaul, wants bank levy to finance future bailoutsGermany's government on Wednesday adopted an overhaul of the financial system that proposes an orderly way to restructure ailing banks and requires all banks to contribute to a bailout fund to ...
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