Stories tagged with "Bailout"

AIG narrows 4Q loss, continues restructuring by indystar

CHARLOTTE, N.C. — AIG said today it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back... – Feb 26, 2010 at 2:14 PM in Business

Bailed-out AIG begins $100M in bonus payments by indystar

WASHINGTON — Bailed-out American International Group Inc. said Tuesday it had begun paying about $100 million in early bonuses to employees of the controversial division that... – Feb 03, 2010 at 12:00 AM in Business

Stocks end higher on Fed's economic assessment by indystar

NEW YORK — Stocks reversed an early slide and ended higher today after the Federal Reserve issued a more upbeat assessment of the economy. Major stock indexes were down... – Jan 27, 2010 at 5:05 PM in Business

Briefly Around the State + Nation by indystar

Gas prices decline: Average retail gasoline prices in Indianapolis have fallen 11.5 cents per gallon in the past week, averaging $2.48 a gallon for regular unleaded Monday.... – Jan 26, 2010 at 6:19 AM in Business

Time for Teddy Roosevelt moment by indystar

“Populism” is the most overused and misused word in the lexicon of commentary. But thanks to a reckless decision by Chief Justice John Roberts’ Supreme Court and... – Jan 25, 2010 at 11:00 PM in Commentary

Jesus would be in Haiti, and not on Wall Street by indystar

On an airplane bound for a family visit, I fly over Manhattan and New Jersey, where the financial geniuses who brought us the Great Recession are planning how to handle vast... – Jan 23, 2010 at 12:00 AM in Faith & Values

Citigroup loses $7.6B in 4Q as it repays TARP by indystar

NEW YORK — Citigroup said today it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid its government bailout... – Jan 19, 2010 at 9:49 AM in Business

Washington lunges for keys as bonus joyride resumes by indystar

NEW YORK — The fat cats were supposed to get their comeuppance. After Wall Street’s most prominent firms — by their own admission - helped cause the 2008... – Jan 17, 2010 at 12:00 AM in Business

JPMorgan cuts its bonus pool by indystar

$9.3B set aside for compensation of investment bank employees is the lowest amount since 2004 NEW YORK — JPMorgan Chase, the second-largest U.S. bank, set aside $9.3 billion... – Jan 16, 2010 at 12:00 AM in Business

The end of Wall Street liberalism by indystar

If you held a contest to pick the worst thing a politician could be called at this moment, my nominee would be Wall Street Liberal. That label has everything. I personally despise... – Jan 15, 2010 at 6:29 PM in Commentary

Geithner's N.Y. Fed told AIG to keep quiet on deals by indystar

WASHINGTON — Republicans in both houses called Thursday for hearings to investigate revelations that the Federal Reserve Bank of New York, led at the time by Treasury... – Jan 08, 2010 at 12:00 AM in Business

German American Bancorp proves steady amid turmoil by indystar

Mark Schroeder, chief executive officer of German American Bancorp, was in the White House’s Roosevelt Room last month. And for a moment, he had President Barack... – Jan 03, 2010 at 12:00 AM in Daniel Lee

Feds give struggling GMAC another $3.8B by indystar

Nation owns half of financing company; earlier aid was $12.5B WASHINGTON — The government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial... – Dec 31, 2009 at 12:00 AM in Business

Citi, Wells repay TARP by indystar

NEW YORK — Citigroup said Wednesday it has repaid the $20 billion in bailout money it received from the government, while Wells Fargo&Co. announced it had repaid the $25... – Dec 24, 2009 at 12:00 AM in Business

GM eyes TARP repayment by indystar

Detroit — General Motors Co., the automaker that restructured in a 40-day bankruptcy, plans to repay government loans by the end of June, Chief Executive Officer Ed Whitacre... – Dec 16, 2009 at 12:00 AM in Business

Obama exhorts banks to expand lending by indystar

After getting bailouts, execs are prodded to pay it forward WASHINGTON — President Barack Obama challenged top bankers Monday to explore “every responsible way”... – Dec 15, 2009 at 12:00 AM in Business

2 banks will repay TARP by indystar

NEW YORK — Citigroup Inc. and Wells Fargo&Co. said Monday they would repay their government bailout loans, freeing them from close regulatory scrutiny and marking the... – Dec 15, 2009 at 12:00 AM in Business

Dubai crisis jolts markets, but early fears ease by indystar

NEW YORK — Dubai’s debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and hamper the global economic recovery. day... – Nov 27, 2009 at 1:39 PM in Business

Indiana retirees blame auto bailout's leaders for Delphi pension cuts by Ted Evanoff

Retirees claim they’re paying price for Delphi’s exit from bankruptcy When she retired from auto-parts maker Delphi last year, Michelle Wilkes looked forward to a... – Nov 18, 2009 at 12:55 AM in Business

Pension insurer sees its deficit double by indystar

Experts fear that company could need government bailout WASHINGTON — The government-chartered company that insures the pensions of one in seven Americans said Friday that its... – Nov 14, 2009 at 12:00 AM in Business