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Congress Bailouts

  • *Greece set to exit third bailout next year. LONDON/ ATHENS July 25- Greece successfully sold debt to private investors for the first time in three years on Tuesday, making a significant first step towards financial independence when its third international bailout ends next year. The deal came a month after euro zone finance ministers signed off on a new loan and...

  • The bond issue is a milestone in the country's seven-year financial crisis, as Greece will only be able to end its dependence on international rescue loans if it can borrow money directly from international markets when the bailout program ends in August 2018. Finance Minister Euclid Tsakalotos called the result satisfactory, and added that Greece would...

  • *Greece set to exit third bailout next year. LONDON/ ATHENS July 25- Greece sold debt to private investors for the first time in three years on Tuesday, a significant step towards gaining financial independence and exiting its third international bailout next year. Athens says Tuesday's sale of a new five-year bond is a test run to ensure Greece can rely on market...

  • NEW YORK, July 25- For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. Citigroup is now the fourth-biggest U.S. bank, with $1.82 trillion of assets at the end of June,...

  • *Greece set to exit third bailout next year. LONDON/ ATHENS July 25- Greece sold debt to private investors for the first time in three years on Tuesday, a significant step towards gaining financial independence and exiting its third international bailout next year. Athens says Tuesday's sale of a new five-year bond is a test run to ensure Greece can rely on market...

  • NEW YORK, July 25- For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. The meeting in New York, for about 250 invited stock analysts and investors, plus anyone who wants...

  • NEW YORK, July 25- For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. The meeting in New York, for about 250 invited stock analysts and investors, plus anyone who wants...

  • ATHENS, Greece— Greece is poised to tap international bond markets for the first time in three years in a move the government hopes will signal the country is ready to emerge from its bailout era. Greece lost market access in 2010 as the country descended into a financial crisis that saw it receive three international bailouts to keep it afloat in return for...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • PARIS, July 19- PSA Group said on Wednesday it had reached agreement with the French government over the carmaker's contribution to a rescue plan for struggling supplier GM&S, defusing their public stand-off ahead of a key bankruptcy hearing. The government also confirmed it had dropped its demands that the maker of Peugeot, Citroen and DS cars contribute a 5...

  • PARIS, July 18- French carmaker PSA Group is resisting government demands that it raise a bailout offer to struggling supplier GM&S, ahead of a Wednesday bankruptcy hearing that may decide its fate. Finance Minister Bruno Le Maire, who took office in May, is pushing for up-front grants of 5 million euros from PSA as well as rival Renault, with a matching...

  • JOHANNESBURG, July 13- Barclays Africa launched a court challenge on Thursday to the anti-graft watchdog's findings that the lender's South African unit unduly benefited from an apartheid-era bailout. "In reaching her finding that Absa benefited from the South African Reserve Bank financial support, the Public Protector appears to have impermissibly...

  • Randal Quarles, a former Wall Street lawyer and U.S. Democrats including Ohio Senator Sherrod Brown have said they intend to scrutinize Quarles' ties to Wall Street during his confirmation hearing. But both the White House and Congress are controlled by Republicans, who have the ability to approve Trump's nominees with a simple majority after Senate rules...

  • Bail in politically unacceptable: UBS' Ermotti

    UBS CEO Sergio Ermotti speaks about the European banking environment.

  • The Federal Reserve and Federal Deposit Insurance Corporation posted the public portions of living wills submitted by banks including Bank of America Corp, JPMorgan Chase& Co and Goldman Sachs Group Inc. Introduced in the wake of the global financial crisis of 2007-2009, the plans outline how banks would go bankrupt without needing a taxpayer bailout.

  • *EU approves state bail-out as Italy tackles banking crisis. MILAN, July 5- Italian bank Monte dei Paschi di Siena set out plans to get out of the "emergency room" and return to profit on Wednesday, clearing the way for a state bailout that should remove the biggest threat to the country's financial stability. Burdened by bad loans and a mismanagement scandal, Monte...

  • *EU approves state bail-out as Italy tackles banking crisis. MILAN, July 5- Italian bank Monte dei Paschi di Siena set out plans to get out of the "emergency room" and return to profit, clearing the way for a state bailout that should remove the biggest threat to the country's financial stability. Burdened by bad loans and a mismanagement scandal, Monte dei Paschi has...

  • BMPS to close 600 brances by 2021; EU approves bailout

    CNBC's Claudia Pensotti discusses BMPS' decision to close 600 bank branches by 2021, which triggered an EU-approved state bailout.

  • Evolution working out for Italian banking sector

    Class CNBC's Claudia Pensotti discusses the EU and the Italian government's move to rescue Monte Dei Paschi.