Financial Regulatory Forum

US Treasury to net $936 million from JPMorgan warrants

By Reuters Staff
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

By Reuters Staff
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.

U.S. extends bailout fund,sees economic challenges

December 9, 2009

By David Lawder

WASHINGTON, Dec 9 (Reuters) – U.S. Treasury Secretary Timothy Geithner on Wednesday extended the government’s $700 billion financial bailout fund to October 2010, saying it was still needed for “significant challenges” in the economy.

U.S. cuts estimate of bank bailout costs by $200 bln

By Reuters Staff
December 7, 2009

By Glenn Somerville

WASHINGTON, Dec 6 (Reuters) – The projected long-term cost of the U.S. government’s bailout of the nation’s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said.

TARP watchdog sees loss on U.S. bailout program

By Reuters Staff
November 13, 2009

WASHINGTON, Nov 12 (Reuters) – The U.S. government’s $700 billion bailout program will “almost certainly” result in an overall loss for taxpayers, a key auditor for the program said on Thursday.

U.S. looks to cut deficit with unused TARP funds- WSJ

November 12, 2009

    Nov 12 (Reuters) – The White House is looking to cut its budget deficit by using some unspent funds from the the U.S. government’s Troubled Asset Relief Program (TARP), the Wall Street Journal said, citing people familiar with the matter. (more…)

U.S. pay czar: Will soon decide how to use clawback

By Reuters Staff
November 2, 2009

Kenneth Feinberg, Special Master for TARP Executive Compensation, speaks to Reuters during an interview at his Washington law office, October 26, 2009.  REUTERS/Jason Reed   (UNITED STATES)   By Karey Wutkowski
WASHINGTON, Nov 2 (Reuters) – The U.S. pay czar said on Monday that he will determine “in the near future” how he will use his power to claw back pay at companies that have taken bailout money but is not currently in negotiations to do so.

INTERVIEW – Obama’s pay czar looking ahead to 2010 with deeper, not broader bite

By Reuters Staff
October 28, 2009

Kenneth Feinberg, Special Master for TARP Executive Compensation, speaks to Reuters during an interview at his Washington law office, October 26, 2009.  REUTERS/Jason Reed   (UNITED STATES)   By Steve Eder
WASHINGTON, Oct 27 (Reuters) – The Obama administration’s pay czar, who sent shock waves through Wall Street by slashing compensation at seven bailed-out companies, says those moves were just the beginning.

ANALYSIS-U.S. TARP bailout fund may outlive expiry date

By Reuters Staff
October 22, 2009

US Treasury Secretary Timothy Geithner (R) engages with reporters during the 2009 Reuters Washington Summit in Washington, October 20, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Glenn Somerville
WASHINGTON, Oct 21 (Reuters) – The Obama administration appears to want to keep an inherited $700 billion financial rescue fund going past its scheduled expiry at year-end, but is retooling the program to focus on more than just banks.

Reuters Summit-Geithner says core U.S. TARP programs ending

By Reuters Staff
October 21, 2009

US Treasury Secretary Timothy Geithner (R) engages with reporters during the 2009 Reuters Washington Summit in Washington, October 20, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) 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.