News tagged with “billion rescue”. Found:
8 tagged news reports.
Your Search Returned 8 tagged news reports
Goldman owed $1 billion if CIT goes bankrupt: report
New York :: NY :: USA | about 1 month ago
Credibility
Goldman Sachs Group Inc would be due a $1 billion payment if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, the Financial Times reported on Sunday, citing people familiar with the matter. The report said Goldman would be...
Tags: Goldman Sachs Group Inc, CIT Group Inc., Financial Times, rescue financing, billion rescue
Fed makes GMAC a bank holding company
Washington :: DC :: USA | 11 months ago
Credibility The Federal Reserve has granted a request by the financing arm of General Motors to become a bank holding company, allowing it to petition for money from the government's $700 billion rescue program. Financial Services will also be able to get emergency...
Tags: The Federal Reserve, holding companies, banks holding, Dianne Feinstein, Treasury Department, General Motors Corp., received money, billion rescue, GMAC, Congress
Rescue Cash Lures Thousands of Banks
Washington :: DC :: USA | about 1 year ago
Credibility Treasury and banking regulators say as many as 1,800 publicly held institutions could apply for government investments in coming weeks, out of concern that failing to do so could make them losers in a banking sector reshaped by the Treasury's $700 billion...
Tags: Treasury Department, publicly held, held institutions, government investments, rescue plan, banks regulators, coming weeks, billion rescue
Text of statement by Treasury Secretary Paulson
Washington :: DC :: USA | about 1 year ago
Credibility Treasury Secretary Henry Paulson on Wednesday, as released by the Treasury...Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act...Although we are facing particularly difficult circumstances,...
Tags: 700 billion, bush, US Treasury Department, U.S. Treasury, finance minister, Mr Bush, Treasury Dept, United States, Washington, billion rescue
Sector Snap: Defense stocks slide with market
Cincinnati :: OH :: USA | about 1 year ago
Credibility The broader market plunged, with the Dow Jones industrial average losing nearly 500 points to fall below 10,000 for the first time in four years. The markets plunged as investors were concerned the $700 billion rescue package passed by Congress last week...
Tags: stock, market plunged, Dow Jones Industrials, sector snap, credit market, broader market, Congress, industrials average, billion rescue, rescue packaged
House Nears Second Vote On Financial Bailout
Washington :: DC :: USA | about 1 year ago
Credibility House edged closer toward a final vote Friday on the $700 billion financial rescue package it rejected on Monday. Congressional leaders were still counting votes, but expressed confidence that they would be able to muster the support they need to get...
Tags: U.S. House of Representatives, House Republican, Michigan House, US House, wall street, Congress, Barack Obama, billion financial, billion rescue, Joe Knollenberg
House rejects bailout bill; stocks plunge
New York City :: NY :: USA | about 1 year ago
Credibility House of Representatives defeated the proposed $700 billion financial bailout plan. The vote was 205 in favor, 228 against. "It is very disappointing that the House turned down the opportunity to pass major financial legislation which could have provided...
Tags: stock, plan, share, wall street, credit market, rescue plan, amid growing, growing expectations, snapped backed, billion rescue
Dow industrial index plummets 777.68 points
Toronto :: Canada | about 1 year ago
Credibility Few stocks — local or national — were spared in the selling frenzy Monday on Wall Street. Of the 69 issues tracked in the Tulsa World's "Stocks of Local Interest" box, all but two fell. Nineteen of the companies suffered double-digit declines. (For all...
Tags: wall street, TSX Venture Exchange, US House of Representatives, White House, jones industry, U.S, rescue plan, billion rescue, exchange closed, Congressional
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