ROME, Jan 31- A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble.
ROME, Jan 31- A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble.
NICOSIA, Jan 30- Debt-hobbled Cyprus limped closer to an international financial bailout on Wednesday, saying it had won Russian assurances that Moscow would join in international efforts to salvage the island's finances. Cyprus, shut out of financial markets for almost two years, got a 2.5 billion euro bilateral loan from Moscow in late 2011..
*Ally, the former GMAC, owes taxpayers $14.6 billion. Treasury needs to develop a concrete plan for exiting its 74 percent stake in auto financing company Ally Financial Inc, the second-largest remaining recipient of federal bailout dollars, an internal watchdog said in a report released Wednesday.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
WASHINGTON, Jan 28- The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules, an internal watchdog said on Monday.
General Motors Co and Chrysler, which along with Ford Motor Co gave the Motor City its identity, survived near-death experiences after filing for bankruptcy during the financial crisis. Now, Detroit itself is edging closer to a similar precipice, only unlike the automakers, its chances of getting a federal bailout are almost nonexistent.
WASHINGTON, Jan 28- The U.S. Treasury Department failed to curb executive pay last year for the second year running at companies rescued by the government, an internal watchdog charged on Monday.