Entries tagged "toxic assets"

Eric Daniels not idle over APS maneuvering

Lloyds' Eric Daniels might just pull off his plan to shun the government's costly insurance on toxic assets and avoid handing the U.K. a larger stake in the bank.

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.

Bankers should reap what they sow

Perhaps taking from the old Biblical adage 'as you sow, you shall reap' comes the suggestion that bankers should be paid in the toxic assets they created.

Banks are still intoxicated

The U.S. Treasury Department took a sobering view of some of its programs to clean up toxic assets on bank's balance sheets.

Roll Call: Can GM Really Pull Off an IPO?

Day dreaming of the Hamptons? Here are some links to kick off your Friday.

Pimco gives PPIP another headache

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

FDIC to test bad asset sales next month

The FDIC said it will test a funding mechanism for selling receivership assets, modeled after one used by Resolution Trust Corp. in the 1990s.

J.P. Morgan turns lemons into $29B in lemonade

The bank is poised to book $29 billion in income on the toxic assets it bought from Washington Mutual.

Barclays says 'No, thanks' to toxic insurance

The U.K. lender will do without state insurance against losses from risky assets, saving itself fees and an obligation to increase lending.

Pimco gets behind Geithner plan

The world's largest bond fund says it will participate in the private-public plan.

Does Geithner's job depend on toxic asset plan working?

Under fire over AIG, success with getting credit going again would boost the Treasury Secretary's stock.

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