Entries tagged "Treasury"

Fed coup at BofA?

Did the Federal Reserve force a coup at BofA? If you read between the lines of a Wall Street Journal story, it seems to imply the Fed pressured the bank to make changes.

TARP watchdog says officials misled the public

The watchdog overseeing the bank bailout criticized the Treasury and Federal Reserve in a new report for some misleading public statements the agencies made last fall about the health of the biggest banks.

Bair plan would only stall taxpayer bailout

The media is calling the FDIC's latest plan to replenish its deposit fund a 'backward bailout,' but that's far from the truth.

Should the Treasury sell Citigroup shares yet?

It looks like Treasury may not have to wait too long before it sells its 34% stake in Citigroup.

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.

Morgan Stanley is free at last

Morgan Stanley agreed to repurchase the U.S. Department of the Treasury warrant issued under the Troubled Asset Relief Program Capital Purchase Program for $950 million.

Treasury taps Hellman & Friedman dealmaker

Jeffrey Goldstein, a managing director at private equity firm Hellman & Friedman LLC, was nominated by President Obama Wednesday to be Treasury under secretary for domestic finance.

Tim Geithner's conflict

Treasury Secretary Tim Geithner has plenty of conflicts for pundits to contemplate, but the thorniest may be choosing between his two mentors.

Details on TARP warrant repurchases offered

The Treasury clarified how publicly traded banks can repurchase warrants issued to the government.

Allison, Warren together for the first time

Assistant Secretary of the Treasury Herb Allison on Wednesday delivered his first public testimony since being confirmed June 19 to head the Troubled Asset Relief Program.

Is Bernanke on the outs with Obama?

Speculation about Obama tapping Larry Summers as Ben Bernanke's replacement as Fed Reserve chairman starts making the rounds six months before his term expires.

Consumer protection: The new thing in finance

Consumer protection seems to be topic number one at Treasury, FDIC and the Federal Reserve following release of President Obama's plan for overhauling financial regulations.

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