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Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts
Treasury freezes pay for CEOs at Ally Financial, GM, AIG | Reuters
Treasury freezes pay for CEOs at Ally Financial, GM, AIG | Reuters: "The top executive at AIG will receive total direct compensation, which includes cash, stock and future stock options worth $10.5 million, while Ally Financial's leader will get $9.5 million and GM's chief executive $9 million, according to documents distributed by the Treasury."
Disastrous bond sale shakes confidence in Germany | Reuters
Disastrous bond sale shakes confidence in Germany | Reuters: "Financial markets were also unnerved by newspaper reports that Belgium may be pressing France for an expansion of a 90 billion euro ($120 billion) bailout of failed bank Dexia."
Greece seals deal on new coalition under EU pressure | Reuters
Greece seals deal on new coalition under EU pressure | Reuters: (Reuters) - "Greece's politicians agreed on Sunday to form a unity government to approve a euro zone bailout, with Prime Minister George Papandreou due to step down to break an impasse after the EU demanded its parties join forces to avert bankruptcy."
States near foreclosure deal with banks | Reuters
States near foreclosure deal with banks | Reuters: "Under the proposed terms of the settlement -- which could total $25 billion -- banks would get a broader relief from potential state civil lawsuits in exchange for refinancing underwater loans, those mortgages where borrowers owe more than their homes are worth, the sources said."
EU says 420 billion euros injected into Europe's banks | Reuters
EU says 420 billion euros injected into Europe's banks | Reuters: (Reuters) - "European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago, the European Commission said on Friday."
Federal probes of mortgage lenders fizzle: report | Reuters
Federal probes of mortgage lenders fizzle: report | Reuters: "(Reuters) - Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial corp have stalled, and a third probe into Washington Mutual Inc (WaMu), has ended with no charges being filed, the Wall Street Journal reported on Saturday."
White crimes and corruption pay.
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