Stories tagged with Financial bailout
Gotbaum stepping into another high-stress job
By Laurie Bennett | November 19, 2009 at 9:55am | 0
Joshua Gotbaum, recently nominated by President Obama to head the Pension Benefit Guaranty Corporation, has big challenges awaiting him.
John E. Sununu goes silent after leaving bailout panel
By Laurie Bennett | November 11, 2009 at 10:16am | 0
Former New Hampshire Sen. John E. Sununu made waves after he joined the congressional panel overseeing the bailout, but he has caused barely a ripple since leaving.
Critics question whether it’s profit or revenge that motivates Hank Greenberg
By A. James Memmott | October 29, 2009 at 7:27am | 0
Is Maurice R. “Hank” Greenberg trying to wreak revenge upon AIG, the company he once led?
Switzerland scores a big gain on UBS deal
By Laurie Bennett | August 21, 2009 at 9:40am | 0
Of the many motivations ascribed to western governments, direct profit taking isn’t usually high on the list.
Federal pay czar confronts Citi’s $100 million man
By Laurie Bennett | August 2, 2009 at 11:44am | 0
Andrew J. Hall - art collector, German castle owner and energy-investment guru - is emerging as the latest villain in the public outrage over bailout bonuses.
Union adviser Ronald Bloom heads auto task force
By A. James Memmott | July 15, 2009 at 8:03am | 0
Ronald W. Bloom, a Wall Street investment banker who went on to become a labor union adviser, is taking over as head of the auto task force.
Media humming about Rattner’s departure from auto task force
By Ric Bohy | July 15, 2009 at 8:00am | 0
The announcement that Steven Rattner was stepping down as head of the auto task force left political junkies and the press parsing words and deeds for a credible cause.
Befuddled by the financial crisis? Ask Simon Johnson
By A. James Memmott | March 25, 2009 at 8:50am | 2
Increasingly during the current financial crisis, reporters have been banking on Simon Johnson for analysis and advice.
Despite the outrage, AIG is still too big to fail
By Laurie Bennett | March 17, 2009 at 8:04am | 0
Amidst the ongoing furor over its multi-million-dollar bonus plan, American International Group has released a list of financial institutions it paid with proceeds from the federal bailout.
Edward Liddy caught in the eye of AIG storm
By Laurie Bennett | March 15, 2009 at 9:42am | 4
AIG has been described as the company where federal dollars go to die. It may also be a career killer for Edward M. Liddy.
Bank of America board under scrutiny
By Laurie Bennett | January 28, 2009 at 10:17am | 1
As Bank of America investors question the rocky merger with Merrill Lynch and the events that led to John Thain’s firing last week, the company’s directors are feeling unaccustomed pressure.
GM’s Rick Wagoner is in the hot seat
By Laurie Bennett | November 18, 2008 at 9:32am | 0
Rick Wagoner, a lifelong car guy who has headed General Motors for the past eight years, needs a little respect and a lot of money.
More money and more government oversight for AIG
By Laurie Bennett | November 10, 2008 at 8:59am | 0
The federal government today announced a new, bigger bailout for American International Group.
U.S. banks will get a $250 billion cash infusion
By Laurie Bennett | October 14, 2008 at 11:52am | 0
Treasury Secretary Henry M. Paulson Jr. today said the federal government would inject $250 billion into American banks to restore credit flow in the nation’s financial system.
AIG will get another $37.8 billion from the Fed
By Laurie Bennett | October 9, 2008 at 7:51am | 0
The Federal Reserve Board announced yesterday that it would provide as much as $37.8 million to American International Group.
Maurice Greenberg avoids congressional hearing on AIG
By Laurie Bennett | October 8, 2008 at 11:12am | 0
While two former CEOs of American International Group took a beating from Congress yesterday, a third called in sick.
Henry Paulson’s $700-billion man
By Carol Eisenberg | October 7, 2008 at 10:20am | 0
A 35-year-old former vice president at Goldman Sachs has been tapped to manage the $700-billion bailout.
Richard Fuld says Lehman collapse brought on by ‘lack of confidence’
By Laurie Bennett | October 6, 2008 at 1:25pm | 1
Lehman Brothers CEO Richard Fuld makes his first appearance on the public stage today since his company declared bankruptcy on Sept. 10.
House approves $700 billion bailout package
By Laurie Bennett | October 3, 2008 at 4:09pm | 0
Reversing its stance from four days ago, the House today approved the $700 billion financial rescue package.
Obama fund-raiser Bill Perkins buys ads to ’stir’ pot on bailout
By Carol Eisenberg | October 3, 2008 at 9:20am | 2
Who is Bill Perkins, and why he is spending hundreds of thousands on full-page ads in the New York Times decrying the $700-billion bailout?
