WASHINGTON, Sept 23 (Reuters) – U.S. regulators will meet next week to discuss how to rebuild the deposit insurance fund, which has been depleted by a sharp increase in bank failures, the Federal Deposit Insurance Corp said in an agenda notice on Wednesday.
Financial Regulatory Forum
TROY, N.Y., Sept 21 (Reuters) – President Barack Obama on Monday criticized the largest U.S. banks for their efforts to thwart legislation that would overhaul federal student loan programs.
Speaking at a community college in Troy, N.Y., he singled out in particular banks that have received bailout money from the federal government, saying they want to maintain the status quo on student loans because they get an “unwarranted subsidy” from it.
LONDON, Sept 18 (Reuters) – The world economic downturn has passed its low point, with financial markets rebounding, Morgan Stanley <MS.N> CEO John Mack said on Friday. (more…)
By Karey Wutkowski and Steve Eder
WASHINGTON/NEW YORK, Sept 15 (Reuters) – Some of the largest U.S. banks will remain in the government’s financial bailout program for months, as officials do not expect to grant the next wave of exit approvals until near the end of the year, according to a source familiar with the matter. (more…)
By Nigel Davies
LONDON, Sept 11 (Reuters) – U.S. banks will be free of bailout obligations like those owed to the Troubled Asset Relief Program within two years, a Reuters poll of economists found on Friday, but European lenders will take longer to cut loose from public support. (more…)
By Nigel Davies
LONDON, Sept 11 (Reuters) – U.S. banks are expected to be free of bailout obligations like those owed to the Troubled Asset Relief Program within two years, a Reuters poll of economists found on Friday, but European lenders were seen taking longer to cut loose from public support.
WASHINGTON, Sept 10 (Reuters) – Bank of America <BAC.N> Chief Executive Ken Lewis said his company is still in talks with U.S. officials on how to compensate the government for a prior loss-sharing agreement, according to a letter released by a watchdog lawmaker on Thursday. (more…)
WASHINGTON, Sept 10 (Reuters) – The U.S. Treasury on Thursday posted new lobbying restrictions to curb political influence on investments from the government’s $700 billion bailout program, prohibiting most communications once a funding application has been filed. (more…)
WASHINGTON, Sept 4 (Reuters) – The U.S. Treasury Department is expected to soon issue final lobbying restrictions for companies receiving taxpayer funds from the government’s $700 billion bailout program, two sources familiar with Treasury’s thinking told Reuters on Friday. (more…)
Sept 4 (Reuters) – U.S. regulators lack transparency and a clear exit strategy in their handling of Citigroup Inc’s <C.N> rescue, Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), told the New York Post in an interview. (more…)