Federal authorities on Monday charged the former chief executive of a New York bank with being the first suspect to try and rip off taxpayer funds from the Troubled Asset Relief Program. The U.S. Attorney's office for the Southern District in Manhattan said it arrested Charles Antonucci, former... Read more...
0:00 /3:45Bailout is thorn in Goldman's side// < ![CDATA[ vidConfig.push({videoArray: ["/video/news/2010/01/21/n_goldman_under_fire_govt.cnnmoney.json"], collapsed:false}); // ]]> The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticis... Read more...
Wells Fargo said Monday it has reached an agreement with the government to return $25 billion in bailout money it received during last year's financial crisis. The San Francisco-based bank said repayment of the funds is contingent on a $10.4 billion common stock offering. The move comes on the s... Read more...
Reports to the Treasury confirm what small business owners have known all year: Banks are cutting back on Main Street lending. NEW YORK (CNNMoney.com) -- Eight months after President Obama began prodding the nation's banks to increase their small business lending, the loan numbers continue to move ... Read more...
(Fortune magazine) -- Thanksgiving is upon us. That makes it a perfect time to contemplate turkeys -- as in "What a turkey that deal was!" Almost all of this year's winners have some connection to the federal government, because the feds have been such a huge factor in the financial markets. But... Read more...