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If propping up much of the teetering financial markets was the goal of the government's $700 billion Wall Street rescue, then mission accomplished. But there were other objectives for the Troubled Asset Relief Program, too, and...
By Chelsea Emery and Jonathan Stempel NEW YORK, Nov 25 (Reuters) - Among the larger businesses to file this year have been automakers General Motors Corp and Chrysler LLC, mall owner General Growth Properties Inc,...
When it comes to the objectives of the Troubled Asset Relief Program, much of the business is unfinished Big banks are roaring back. Of the $250-billion that the government initially set aside to spend in direct assistance to...
BBC News website readers have been sending us their comments on the latest City Diaries . In the most recent instalment, our diarists discuss the sell-off of Royal Bank of Scotland subsidiaries, the UK and US policies on...
NEW YORK — CIT Group, the bankrupt 101-year-old commercial lender, won court approval Monday to borrow as much as $500 million to issue letters of credit that guarantee its debts. U.S. Bankruptcy Judge Allan Gropper in...
by: Daniel Harrison November 24, 2009 | about: Daniel Harrison About this author: Anyone who was watching trading in Zions Bancorporation yesterday can be forgiven for refreshing their screens as at one point the stock leaped...
Lender CIT, which failed to secure a second federal bailout, is a big player in the business of extending credit based on receivables The retail industry is bracing for a possible bankruptcy filing by CIT Group . There is...
Category: General By Maarten Warnaars Despite the collapse of the global financial system, the last to fall being CIT Group, society will still need financial intermediaries. Evidence demonstrates that Peruvian mic...
"s" : "amln,arii,biib,exel,frx,genz,lgf,mot,msft,ttwo,yhoo","k" : "c10,l10,p20,t10","o" : "","j" : ""} Of late, Icahn has also been in the news for his involvement in the bankruptcy plan of troubled commercial lender CIT Group....
By James B. Kelleher CHICAGO (Reuters) - A trade group for the lenders that finance half the capital equipment investment in the United States said on Monday that U.S. businesses remain hesitant about borrowing to invest in...
