News tagged with “financial rescue”. Found:
23 tagged news reports.
Your Search Returned 23 tagged news reports
West Virginia bank drops out of bailout
Washington :: DC :: USA | 7 months ago
Credibility
A West Virginia bank has become the first to completely cut its ties to the federal government's $US700 billion ($972.02 billion) financial rescue program. The Treasury Department said on Friday that Centra Financial Holdings Inc of Morgantown, West Virginia,...
Tags: Centra Financial Holdings Inc., Treasury Department, West Virginia, virginia bank, federal government, W.Va, Morgantown, financial rescue, warrants treasury, rescue program
Treasury provides $1.46 billion to 19 banks in latest support from financial rescue fund
Washington :: DC :: USA | 8 months ago
Credibility The government says it has provided $1.46 billion to 19 banks in the latest payments from its $700 billion financial rescue fund. The Treasury Department said Tuesday the new payments bring the total paid out in its program to buy banks' preferred stock...
Local bank among those getting treasury funds
Omaha :: NE :: USA | 10 months ago
Credibility The Treasury Department has provided $1.15 billion to 42 banks in new payments from the government's $700 billion financial rescue fund. The department said Tuesday that the latest capital infusions went to banks in 25 states, including one in North Carolina:...
Tags: billion financial, Treasury Department, financial rescue, rescue fund, Nebraska, nebraska banks
Obama describes Wall Street payouts as ?shameful?
Washington :: DC :: USA | 10 months ago
Credibility With more sour economic reports this week, the government announced that the percentage of the work force receiving unemployment benefits reached a 25-year high in mid-January. Home sales plunged last month to their lowest rate since 1967...With this,...
Tags: Barack Obama, financial rescue, wall street, lower mortgage, mortgage costs, president obama, president barack, small businesses, rescue plans
Treasury Boosts Transparency on Bailout Deals
Tarp :: Germany | 10 months ago
Credibility Internet so that taxpayers can see how their money is being spent and the terms these institutions must agree to before we invest taxpayer money said Secretary Tim Geithner in a statement. In an effort to increase accountability of the $700 billion rescue...
Tags: Timothy Geithner, treasury secretary, Incoming Treasury, Treasury Boosts Transparency, Tim Geithner, Mr. Geithner, secretary timothy, China, financial rescue, bailout program
Obama weighs decision on bailout funds
Tarp :: Germany | 10 months ago
Credibility But it may prove difficult to get approval from Congress because the bailout program is unpopular with many lawmakers who feel too much of the money has already been given to Wall Street firms with few strings attached. The legislators want some of the...
Tags: Barack Obama, Mr. Obama, Obama Team, Obama Work, bush, Congressional Democrats, elect barack, Bush Administration, obama vowed, financial rescue
Russia lets ruble fall as devaluation continues
Moscow :: Russia | 11 months ago
Credibility Russia's Central Bank allowed the ruble to drop sharply against the dollar as the country's long New Year's holiday ended Sunday, resuming a controlled devaluation of the currency that began Nov. 11...The currency rose slightly Sunday against the euro,...
Tags: medvedev, Dmitry Medvedev, Russia, Central Bank Allows Ruble, central banks, banks allowed, Cabinet, circumstances require, financial rescue, currency rose
U.S. financial system 'more stable, Kashkari says
Washington :: DC :: USA | 11 months ago
Credibility The head of the government's $700 billion financial rescue program says the effort has made the nation's financial system more stable. Neel Kashkari, the assistant treasury secretary in charge of the bailout program, says the effort had made remarkable...
Tags: Neel Kashkari, rescue program, bailout program, remarkable progress, treasury secretary, assistant treasury, billion financial, Congress, financial rescue
SunTrust Banks to receive $3.5B from Treasury
New York :: NY :: USA | about 1 year ago
Credibility The bank said it plans to use the capital to expand lending and other business capabilities, and may also explore potential acquisitions. "Our participation in the Capital Purchase Program enhances SunTrust's already solid capital position and will permit...
Tags: 700 billion, Treasury, billion financial, stock purchases, financial rescue, large financial, financial companies, rescue package, package passed
Treasury begins to deploy financial rescue plan
Washington :: DC :: USA | about 1 year ago
Credibility A top Treasury official says the $125 billion the government is providing nine major banks will be distributed this week. Assistant Treasury Secretary David Nason said Monday the deals with the nine banks were signed Sunday night and the government will...
Tags: Treasury Department, US Treasury, Assistant Treasury, financial rescue, regional banks, PNC, deploy financial, rescue plan, major banks, balance sheets
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