bailouts

The AIG board of directors will not follow or endorse a lawsuit against the U.S. government over financial assistance received during the 2008 financial crisis. The lawsuit is being brought by former AIG CEO Maurice Greenberg who claims that the U.S. government’s bailout was against shareholder interests.

European leaders have failed to agree on disbursement of further Greek aid and on a European Union budget.

The 100 billion euro (US$126.3 billion) bailout of Spain’s banking sector wasn’t received favorably by some investors, while others suggested that it was a step in the right direction.

Latest figures on mortgage arrears indicate a grave crisis in the housing market, according to Threshold, the national housing charity.

With the Irish referendum to ratify the European Stability Treaty looming on May 31st, recent opinion polls suggest that up to one third of Irish voters are still undecided.

As part of the deal Greece will need to reduce its public debt from 160 percent of its GDP to 120.5 percent by 2020.

In the early hours of this morning, finance ministers from eurozone countries managed to secure a new bailout deal (237 billion euro) that should keep Greece in the eurozone.

In what now EU country did a 7-year military junta collapse on July 23, 1974?

What country that’s about to get an over $100 billion bailout declared bankruptcy on May 15, 1902?

Embattled insurance company American International Group Inc (AIG) announced that its current CEO Edward “Ed” Libby has offered to step down as soon as the company board finds someone to replace him in his role.

U.S. Rep. Anthony Weiner wants everyone to know that there’s money coming down the line for the average New Yorker.

Trying to assuage investors, Treasury Secretary Timothy Geithner on Tuesday announced a revamped and broadened federal financial rescue program.

GM CEO Richard Wagoner should not be blamed for the automaker’s woes.

Designed to remove “toxic” instruments from the financial system, TARP has somehow changed along the way.

The U.S. Treasury announced revised bailout terms for AIG after it posted a third-quarter loss of $24.47 billion.

PNC Bank on Friday announced that it had acquired struggling National City Corp.

Market intervention by U.S. and foreign governments show changes in the global financial environment.