Entries tagged "PPIP"

FDIC picks asset manager for PPIP pilot

Residential Credit Solutions has been selected by the FDIC to manage receivership assets in the agency's pilot Legacy Loans Program, a part of the stalled Public-Private Investment Program.

Barofsky has Wall Street's role wrong

Wall Street's role is not -- or at least should not be -- to make profits at all costs, as Neil Barofsky, special inspector general for the banking rescue program, says it is.

Pimco gives PPIP another headache

Pimco's pulling out of the PPIP may add to fears that participants will be stigmatized.

Banks want to play both sides of PPIP

Banks are lobbying hard to be both buyers and sellers in Treasury's PPIP.

PE fundraising ends April strong

As April closed, private equity firms were hard at work padding their already robust fundraising numbers, adding more than $6.4 billion to their capital under management.

More than 100 apply to participate in PPIP

More than 100 firms file applications to participate in the Treasury's Public-Private Investment Partnership to acquire bank's bad assets.

BofA, Citigroup wait and see on PPIP

Jamie Dimon may be saying 'thanks, but no thanks' to the PPIP, but Citi and Bank of America remain noncommittal.

J.P. Morgan takes a pass on PPIP

Is the thumbs down from Jamie Dimon a deathblow for Treasury secretary Tim Geithner's Public Private Investment Plan?

Sheehan helped polish Geithner

Longtime Democratic media trainer Mike Sheehan is credited with Treasury Secretary Tim Geithner's rebound.

Geithner plan may not force banks to clean books

Banks will shy away from asset sales that involve making more major markdowns.

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