Financial Regulatory Forum

White House mulls bank fee in budget -reports

January 11, 2010

WASHINGTON, Jan 11 (Reuters) – The Obama administration is considering imposing a fee on banks to help recover some of taxpayers’ costs of bailing banks out from the financial crisis, according to multiple reports on Monday.

New York Attorney General Cuomo seeks 2009 bonus data from Wall Street

January 11, 2010

By Elinor Comlay and Jonathan Stempel

NEW YORK, Jan 11 (Reuters) – New York’s attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry’s role in the near-collapse of the financial system and recession.

U.S. lawmakers press for Geithner testimony on AIG payment information

January 8, 2010

By David Lawder

WASHINGTON, Jan 8 (Reuters) – U.S. lamakers on Friday pressed for Treasury Secretary Timothy Geithner to testify on whether the New York Federal Reserve Bank improperly pressured AIG to withhold information on payments it made to banks after its government bailout.

Unlimited credit for Fannie, Freddie seen as backdoor U.S. bailout

January 5, 2010

By Corbett B. Daly

WASHINGTON, Jan 5 (Reuters) – At a hearing last fall, U.S. Treasury Secretary Timothy Geithner told lawmakers that he and his team were working to put the $700 billion financial bailout fund “out of its misery.” But some in Washington now see a second, backdoor bailout in its place.

Treasury to dole out $3.8 billion to GMAC, raise stake

December 31, 2009

By Karey Wutkowski and Corbett Daly

WASHINGTON, Dec 30 (Reuters) – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.

U.S. delays its $5 billion Citi sale after weak pricing

December 17, 2009

By Dan Wilchins and David Lawder

NEW YORK/WASHINGTON, Dec 16 (Reuters) – The U.S. Treasury delayed a plan to sell its $5 billion of Citigroup Inc shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.

Greek bailout not under discussion, markets suffer

December 15, 2009

By Harry Papachristou and Anna Willard

ATHENS/PARIS, Dec 15 (Reuters) – Greece is not discussing a bailout with other European Union countries, Greek Finance Minister George Papaconstantinou said on Tuesday, when financial markets gave his emergency deficit-cutting plan a thumbs down.

US Treasury to net $936 million from JPMorgan warrants

December 11, 2009

WASHINGTON, Dec 11 (Reuters) – The U.S. Treasury Department on Friday said it priced warrants in JPMorgan Chase & Co at $10.75 per warrant in a deal that will bring U.S. taxpayers net proceeds of $936.06 million.

Citi could sell $20 billion of shares soon to repay TARP – CNBC

December 9, 2009

NEW YORK, Dec 9 (Reuters) – Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.

UK banks Lloyds, RBS agree to massive shakeup

November 3, 2009

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009.    REUTERS/Stefan Wermuth (BRITAIN BUSINESS)    By Clara Ferreira-Marques and Steve Slater
LONDON, Nov 3 (Reuters) – Britain’s two largest retail banks secured another 31 billion pounds ($50.5 billion) from the government on Tuesday and agreed to sell branches and key businesses to appease EU competition concerns over state aid.