WASHINGTON— The Federal Reserve's new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. Fischer, a former official of the International Monetary Fund and a head of the Bank of Israel, said regulators "need to be vigilant" in trying to prevent the next crisis— "and there will one."» Read More
*Mechel may issue convertible bonds. *Mechel to use proceeds to pay off a part of its debt. STAVROPOL/ MOSCOW, Russia, June 19- Russia is considering a $5 billion bail-out of Mechel, the country's largest producer of steelmaking coal, a government official said on Thursday, a rescue deal that could reduce the stake of controlling shareholder businessman Igor Zyuzin.
LONDON, June 9- Lloyds Banking Group said on Monday it would sell a quarter of its shares in TSB, through a listing on the London stock market priced at below the business's book value. Lloyds, which must sell the business as a condition of its government bailout during the financial crisis, said the shares would be sold at between 220 pence and 290 pence each.
ATHENS, May 26- Greece's ruling coalition will find it harder to push through unpopular reforms demanded under an EU/IMF bailout after a clear EU election victory by the radical leftist Syriza party.
CNBC's Phil LeBeau talks with Steven Rattner, former U.S. Treasury auto advisor, about the government's bailout of the auto industry, General Motor's recall crisis and Chrysler's comeback.
LISBON, May 16- As Portugal's government toasts its exit from an international bailout that imposed years of austerity on its citizens, small business owner Alexandra Capelo is in no mood to join the celebrations.
Pedro Passos Coelho, Portuguese prime minister, comments on the sacrifices made by Portugal to exit its bailkout program and says there is "no risk of imprudent budget policy."
Pedro Norton, CEO of Impresa, says Portugal's economy is in a "much healthier position" after exiting the bailout.
ATHENS/ BRUSSELS, May 16- Greek radical leftist leader Alexis Tsipras, running to head the European Commission, said on Thursday his country's EU-led bailout has been a failure, despite Athens' recent return to bond markets.
Portuguese Prime Minister Pedro Passos Coelho, says the people understood the steps the country took during its bailout program.
*Slovenia narrowly dodged bailout, risks remain. LJUBLJANA, May 9- Slovenia's outgoing prime minister Alenka Bratusek has a fighting chance of doing well enough in a snap election to allow her to return to power and implement the economic rescue plan that markets believe is needed to stave off a bailout.
May 8- Fannie Mae and Freddie Mac said on Thursday they would pay dividends totaling $10.2 billion to the U.S. Treasury next month, pushing taxpayers further into the black on their bailout of the mortgage finance firms.
LONDON, May 5- Portuguese bond yields fell on Monday after Lisbon said it would exit its international bailout programme later this month without a back-up loan, a bold step for a country that two years ago was thought to be at risk of defaulting on its debts.
The IMF aid will allow the immediate disbursement of $3.2 billion to Kiev and unlock further credits from other donors of about $15 billion, intended to help Ukraine stabilize its economy in the middle of its worst civil turmoil since independence in 1991..
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic's economy recover after months of turmoil.
Portugal follows Ireland as the second eurozone country to opt for a clean exit from a punishing rescue program.
WASHINGTON- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic's economy recover after months of turmoil.
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic recover after months of turmoil.
LISBON, April 30- Portugal's government expects to have room to start reversing public sector salary cuts from 2015 while maintaining its budget deficit reduction targets after the end of its international bailout next month.
The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.