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Stories in the category Financial bailout

Critics question whether it’s profit or revenge that motivates Hank Greenberg

By A. James Memmott

October 29, 2009 at 7:27am

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

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

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.

Dimon rides high on JPMorgan report of $2.7 billion profit

By Laurie Bennett

July 16, 2009 at 9:28am

While so many others have fallen, Jamie Dimon has led his company, JPMorgan Chase, to record revenues.

Union adviser Ronald Bloom heads auto task force

By A. James Memmott

July 15, 2009 at 8:03am

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

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

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

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

AIG has been described as the company where federal dollars go to die. It may also be a career killer for Edward M. Liddy.

Former Countrywide execs now profit from bailout

By A. James Memmott

March 5, 2009 at 10:48am

Some of the lenders blamed for fueling the nation’s mortgage woes are now profiting from the crisis.

Bank of America board under scrutiny

By Laurie Bennett

January 28, 2009 at 10:17am

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

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

The federal government today announced a new, bigger bailout for American International Group.

Mark Cuban shines a light on benefactors of bailout

By A. James Memmott

November 3, 2008 at 8:08am

Mark Cuban has always been a fan of transparency. The famously vocal billionaire owner of the basketball’s Dallas Mavericks doesn’t hide his emotions as he roots for his teams at games and takes on National Basketball Association bigwigs.

U.S. banks will get a $250 billion cash infusion

By Laurie Bennett

October 14, 2008 at 11:52am

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

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

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

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

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

Reversing its stance from four days ago, the House today approved the $700 billion financial rescue package.



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