Congress Bailouts

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  • The Fed set to adopt new rules Monday, 30 Nov 2015 | 10:00 AM ET
    The Fed set to adopt new rules

    New regulations would not allow emergency loans to be given to individual companies.

  • *Opposition parties reject call for broader consensus. ATHENS, Nov 28- Prime Minister Alexis Tsipras failed to secure the backing of Greek opposition parties on Saturday for tough pension reforms the country has promised to submit by December under its international bailout. But Athens needs to introduce deeper reforms by the end of the year to make its ailing...

  • *Also faces heavy losses from Ukraine investments. MOSCOW, Nov 27- A $20 billion bailout request from Russia's state development bank is raising questions about the running of a lender which helped fund the Sochi Olympics in 2014.. The descendent of a Soviet foreign trade bank, Vnesheconombank or VEB assumed a bigger role in 2007 when Russia designated it as the...

  • HONG KONG, Nov 27- China's state stockpiler is considering buying more than 1 million tonnes of aluminum from local smelters, sources said on Friday, an initial sign that Beijing could agree to the first major bailout in its embattled metals industry since 2009.. The potential purchase, worth over $1.5 billion at current prices, would be part of a broader plea for...

  • $400 billion ripoff threatens Greek bailout Tuesday, 24 Nov 2015 | 9:00 AM ET
    $400 billion ripoff threatens Greek bailout

    Foreign investment funds took control of four of the country's largest banks, diluting state-owned ownership.

  • NEW YORK, Nov 23- A mountain of peanuts is piling up in the U.S. south, threatening to hand American taxpayers a near $2- billion bailout bill over the next three years, and leaving the government with a big chunk of the crop on its books. First, the U.S. Department of Agriculture is paying farmers most of the difference between the "reference price" of $535 per ton and...

  • AMSTERDAM, Nov 20- ABN Amro share rose as the Dutch bank returned to the Amsterdam stock exchange on Friday, valuing the state-owned lender at 3.3 billion euros in the largest European bank listing since the financial crisis of 2007-2009.. ABN was a much larger bank in 2007, when it was carved up in a 71 billion euro hostile acquisition by Royal Bank of Scotland,...

  • LONDON, Nov 19- The Bank of England's Prudential Regulation Authority and Britain's Financial Conduct Authority published a report on Thursday into why HBOS bank failed in October 2008 during the global financial crisis. The bank, Britain's biggest mortgage lender, had to be taken over by Lloyds, which itself then needed a 20 billion pound taxpayer bailout.

  • Greek farmers, police clash during tax hikes protest Wednesday, 18 Nov 2015 | 6:30 AM ET

    ATHENS, Nov 18- Police fired tear gas at dozens of Greek farmers in Athens who pelted them with oranges and tried to storm parliament during a protest against planned tax increases on Wednesday. But their status as a protected group has come under threat as part of Greece's third bailout, prompting several protests in central and northern Greece.

  • *Greece breaks deadlock with lenders over foreclosures. ATHENS, Nov 17- Greece reached an agreement with its lenders on financial reforms early on Tuesday, its finance minister said, removing a major obstacle holding up fresh bailout loans for the cash-starved country. Greece has been keen to complete its first assessment under the new bailout package, its...

  • ATHENS, Nov 17- Greece reached a preliminary deal with its international lenders on home foreclosures reform late on Monday, removing a major obstacle holding up fresh bailout loans for the cash-starved country. Athens needs a positive progress report to qualify for a sub-tranche of 2 billion euros in new financial aid to pay off state arrears, and 10 billion...

  • FRANKFURT, Nov 13- Ireland should accelerate the reduction of its still high public debt, the European Central Bank and European Commission said on Friday. Following an examination of the country after its bailout, the institutions said: "The current very favourable economic and financial conditions give the government an excellent opportunity which should...

  • ATHENS, Nov 11- Greece said on Wednesday it was close to a deal with international lenders on regulating non-performing loans, a thorny issue which has delayed a disbursement of aid under its latest multi-billion euro bailout. "On Monday all issues will be finalised... and at the Euro Working Group there will be a decision to release the installment and the funds for...

  • WASHINGTON, Nov 10- Republican presidential candidate Senator Ted Cruz said he would not bail out a U.S. bank if it were on the verge of collapsing. "I would not bail them out," Cruz said, speaking at Tuesday night's Republican primary debate in Milwaukee hosted by Fox Business Network. Cruz said that instead of bailing out a bank, he would change monetary policy at the...

  • LONDON, Nov 10- Greece plans to return to bond markets in the second half of next year, its finance minister Euclid Tsakalotos told Reuters on Tuesday. Greece's international creditors have promised Athens further debt relief if it complies with the terms of the bailout, its third since 2010.. Greece has effectively been locked out of markets since it became...

  • SAN FRANCISCO, Nov 10- Neel Kashkari, who as a top U.S. Kashkari, who also ran a failed bid for California governor in 2014 and was previously an executive at Goldman Sachs and at bond fund Pimco, will take over from current chief Narayana Kocherlakota on Jan. 1. Named in People Magazine's "sexiest men alive" issue in 2008, Kashkari ran the government's $700 billion...

  • LONDON, Nov 10- Any Greeks hoping their days of economic pain are over following the latest bailout agreement with international lenders should look to the dire projections from Europe's three main institutional forecasters for a reality check. The European Commission, the OECD and the EBRD all say Greece is heading into recession again this year and next,...

  • BRDO PRI KRANJU, Slovenia, Nov 6- Slovenia's banking sector is not sustainable in its current form and the number of lenders should be reduced, its central bank chief said on Friday, two years after problems at its banks almost required an international bailout. Bostjan Jazbec, who sits on the European Central Bank's Governing Council, also said easing monetary...

  • Greece approves reform bill, eyes bailout tranche Thursday, 5 Nov 2015 | 6:03 PM ET

    ATHENS, Nov 6- Greece's parliament approved early Friday a bill with reforms prescribed by the country's international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout funds. A majority of lawmakers in the 300- seat parliament approved a bill which improves on previous legislation...

  • Citigroup among 8 top US banks facing rating cut Tuesday, 3 Nov 2015 | 7:46 AM ET
    Citibank

    Top US banks like Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase, may see their credit ratings cut by S&P - here's why.