Bailed-out firms must slash pay for top executives
WASHINGTON The Treasury Department is expected today to order seven companies that have not paid back last year s government bailouts to halve their top executives average compensation. The cuts apply to the 25 highest-paid executives at banks and...
 6.4K - Oct. 22, 2009; scored 416.0 TARP: Bad assets still threaten banks
WASHINGTON (AP) Despite signs that the financial system has stabilized, banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, a congressional watchdog reports. In its latest...
4.4K - Aug. 11, 2009; scored 231.0 House votes to clamp limits on bonuses
WASHINGTON (AP) Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy. Passage of the bill on a 237-185 vote followed the...
5.1K - Aug. 1, 2009; scored 231.0 Banks will suffer as long as customers
NEW YORK (AP) The big banks are making big money again, but they won't be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive numbers included a $3 billion sec...
2.5K - Jul. 18, 2009; scored 320.0 Banks will suffer as long as customers
NEW YORK (AP) The big banks are making big money again, but they won t be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive numbers included a $3 billion sec...
4.2K - Jul. 18, 2009; scored 320.0 Bailout review may tag banks strong or weak
NEW YORK - The government is set to announce as early as this morning which of the country's biggest banks will be able to repay billions in federal bailout dollars in a decision that risks creating a two-tier banking system - winners and losers. Con...
6.2K - Jun. 9, 2009; scored 374.0 Test: Some banks need capital
WASHINGTON - Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results l...
5.5K - May. 7, 2009; scored 460.0 Offer made to Chrysler lenders
NEW YORK - The Treasury Department has made a new offer to Chrysler LLC's lenders, asking banks and hedge funds that hold $6.9 billion in debt to forgive $5.4 billion and take a 5 percent stake in a Chrysler-Fiat alliance, according...
2.5K - Apr. 23, 2009; scored 231.0 Former AIG head denies he started executive bonus plan
WASHINGTON (AP) - Former AIG chief executive officer Hank Greenberg said the company under his leadership never had the kind of retention bonus system that has subjected it to withering criticism. When I was there, nobody had a contract with the comp...
3.4K - Mar. 20, 2009; scored 179.0 Squabble over which homeowners to help
WASHINGTON (AP) Disagreement among Senate Democrats over how many struggling homeowners should qualify for court-ordered mortgage relief has stalled a key part of President Barack Obama s foreclosure prevention plan on Capitol Hill. Behind the scen...
5.3K - Mar. 14, 2009; scored 179.0 Oh really? That wasn't bailout money?
WASHINGTON Ask a bailed-out bank about its Las Vegas retreat, its corporate jet or its evening in Beverly Hills and you ll probably get a response like this: Oh that? That wasn t taxpayer money. But ask the same bank to account for its billions in ...
3.3K - Mar. 3, 2009; scored 231.0 Economy takes a big drop
WASHINGTON (AP) The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. The Commerce Depart...
7.1K - Feb. 27, 2009; scored 231.0 Penny for your stocks?
What costs more a spark plug or a share of General Motors? A Sunday New York Times or a share of the newspaper company? A General Electric toaster or a share of GE? In the surest sign of the depth of the recession, the products associated with thes...
2.7K - Feb. 25, 2009; scored 179.0 Jobless hit with bank fees on benefits
For hundreds of thousands of workers losing their jobs during the recession, there s a new twist to their financial pain: Even as they re collecting unemployment benefits, they re paying bank fees just to get access to their money. Thirty states have...
8.6K - Feb. 20, 2009; scored 359.0 Bush bailout plan overpaid for assets
WASHINGTON (AP) The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says. The Congressional ...
4.5K - Feb. 6, 2009; scored 179.0 Obama eyes bailout regulations
WASHINGTON The Obama administration is tackling the bailout of the battered financial sector on two tracks: overhauling how the government spends the money while devising new executive compensation restrictions for banks that get it. Administration...
3.9K - Feb. 3, 2009; scored 283.0 New rules help shield consumers from credit card interest rate hikes
WASHINGTON Federal regulators today adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes. The rules, which take effect in July 2010, wi...
4.4K - Dec. 18, 2008; scored 179.0 Feds Prepare Citigroup Rescue
WASHINGTON Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of possible losses at the stricken bank and to plow a fresh $20 billion into the company. Regulators hope the dramatic action will bolster badly...
6.4K - Nov. 24, 2008; scored 458.0 Citigroup is cutting 53,000 jobs
NEW YORK (AP) Citigroup Inc. is cutting approximately 53,000 more jobs in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt. The plans, posted on the company s Web site, are b...
2.7K - Nov. 17, 2008; scored 1000.0 | 
