The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.» Read More
The bank that exposed the federal government to the greatest potential loss during the government bailout was Citigroup, which received a grand total of $476.2 billion in cash and guarantees, according to a new report of the Congressional Oversight Panel which oversees the TARP program.
BB&T has both elements, so Cramer chats with CEO Kelly King.
The program so far seems to have been a resounding success, but what will the government do with lingering assets like AIG? Cramer talks to Assistant Secretary for Financial Stability Tim Massad.
One of the most significant legacies of TARP is that it has increased the chance of more bailouts, Neil Barofsky, the government program’s special inspector general, told CNBC Wednesday.
This year at bonus time, it pays to work for Citigroup's investment bank. The bank is paying up to 65 percent of the bonuses for its traders and bankers in cash, according to people with knowledge of the payments.
Analysts are saying the end of March, but Cramer wants investors ready long before that.
When the biggest US banks submit their capital plans to the Fed on Friday, it will mark an important post-crisis milestone for the industry, clearing the way for many of them to resume providing dividends.
About 20 percent of the banks that received TARP funds from the US Treasury have missed payments.
Ninety-Eight banks that received TARP funds are still in trouble, based on their third quarter financial results. The number of troubled banks has risen from 96 last quarter. A 2 percent increase in the number of problematic banks may not sound like an impressive jump in risk — but it certainly isn't an improvement either.
While Citigroup has managed to rebuild itself from the ruins of the financial crisis, investors likely will have to wait until 2012 to reap the rewards, CEO Vikram Pandit told CNBC.
Cramer thinks it could be. To learn more about how it's working, he spoke with the Treasury Department's Tim Massad.
Yes, and here are four ways to play it.
Plus, Huntington Banc or First Horizon—Which do you buy?
The country is headed in the right direction, Alan “Ace" Greenberg, former Bear Stearns chairman and CEO, told CNBC Friday.
Stock sales are helping the government offset projected losses from its $700 billion rescue of the financial system.
The government's heavily criticized $700 billion financial rescue program has earned nearly $35 billion in income over the past two years, according to data obtained by The Associated Press.
Citigroup remains too "interwoven" to fail even after the government has plowed billions into rescuing the banking titan and Congress has passed laws taking aim at financial behemoths, Citi Chairman Richard Parsons told CNBC.
Since the US central bank launched its $600 billion round of asset purchases at the start of November, its critics have not hesitated to accuse it of recklessness, incompetence and conspiracy to devalue the dollar, often in vitriolic terms, the FT reports.
The bank has told US regulators that it has sold enough assets this year to meet the final condition that was set on its landmark plan to repay $45 billion in government bail-out funding. The FT reports.
Former President George W. Bush told me in a CNBC interview today in Salt Lake City that the stock market was not a fair scorecard of his presidency.