By David Lawder
WASHINGTON, Nov 9 (Reuters) – Nine of 10 large U.S. banks ordered to raise capital in May have met or exceeded their goals and the laggard — auto lender GMAC Financial Services — is negotiating for a fresh infusion of taxpayer funds.
U.S. Fed: 9 of 10 large banks met capital goals
US Treasury will close Capital Assistance Program
WASHINGTON, Nov 9 (Reuters) – The U.S. Treasury Department said on Monday it will immediately close its Capital Assistance Program, set up last spring for bank stress tests, because the only firm needing taxpayer funds will use an auto industry support program instead.
Reuters Summit-Geithner says core U.S. TARP programs ending
By Glenn Somerville and David Lawder
WASHINGTON, Oct 20 (Reuters) – The Obama administration will shutter programs at the heart of a $700 billion financial bailout but remains focused on supporting a fledgling economic recovery, Treasury Secretary Timothy Geithner said on Tuesday.
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