GMAC, the troubled automobile lender, may receive a $7.5 billion infusion from the U.S. government as early as next week, the Washington Post reported in its Saturday edition, citing unnamed sources.
IBT Staff Reporter
May 11, 2009
The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said on Monday.
IBT Staff Reporter
May 11, 2009
GMAC, the troubled automobile lender, may receive a $7.5 billion infusion from the U.S. government as early as next week, the Washington Post reported in its Saturday edition, citing unnamed sources.
IBT Staff Reporter
May 09, 2009
The Federal Reserve reduced the size of capital deficits facing several banks before releasing the results of stress tests on the financial institutions, according to a story in the Wall Street Journal on Saturday.
IBT Staff Reporter
May 09, 2009
U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.
IBT Staff Reporter
May 08, 2009
U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.
IBT Staff Reporter
May 08, 2009
U.S. stocks rose on Friday as results of bank stress tests fueled hopes that the worst is over for the financial sector, and news of fewer-than-expected April job cuts suggested the economic slump is moderating.
IBT Staff Reporter
May 08, 2009
U.S. shares are set to rise on Friday, after stress tests for U.S. banks sparked optimism about the sector's future, and ahead of April's non-farm payroll data.
IBT Staff Reporter
May 08, 2009
First-quarter results from two more European banks showed bad debts soaring in the face of tough economies, as U.S. rivals prepared to raise $75 billion to provide a cushion for the deepest recession in decades.
IBT Staff Reporter
May 08, 2009
Toyota Motor Corp , the world's biggest automaker, forecast a much deeper-than-expected annual loss of $8.6 billion as sales tumble, keeping dozens of its factories underused.
IBT Staff Reporter
May 08, 2009
Toyota Motor Corp, the world's biggest automaker, lost $6.9 billion in the fourth quarter and forecast more losses for the current year as sales tumble, keeping dozens of its factories underused.
IBT Staff Reporter
May 08, 2009
Goldman Sachs Group Inc , Morgan Stanley , JPMorgan Chase & Co and several other big U.S. banks said they were in a position to quickly repay Treasury capital injections after regulators released bank stress test results.
IBT Staff Reporter
May 07, 2009
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
IBT Staff Reporter
May 07, 2009
American International Group , the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs.
IBT Staff Reporter
May 07, 2009
Wall Street stocks slid on Thursday as investors took profits from the technology sector's recent surge, while analyst downgrades hurt telecoms and a tepid response to a government bond auction raised fears about public finances.
IBT Staff Reporter
May 07, 2009
The much anticipated stress test results were finally released on Thursday by the Federal Reserve reflecting that 10 of the nation's 19 largest banks need a total of about $75 billion in new capital.
IBT Staff Reporter
May 07, 2009
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
IBT Staff Reporter
May 07, 2009
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
IBT Staff Reporter
May 07, 2009
Investors braced for the release of bank stress test results that will separate the weak from the strong and force some top banks to raise billions of dollars in capital.
IBT Staff Reporter
May 07, 2009
Citigroup Inc and Bank of America Corp shares rallied in premarket trading ahead of the release of stress test results that will force them and other top banks to raise tens of billions of dollars in capital.
IBT Staff Reporter
May 07, 2009
Stocks opened higher on Thursday as investors anticipated results of stress tests to show that most banks are healthier than previously thought.
IBT Staff Reporter
May 07, 2009
A trio of top European banks showed bad debts are ratcheting up as economies worsen and unemployment rises, although investor optimism ahead of U.S. bank stress test results drove shares to year highs.
IBT Staff Reporter
May 07, 2009