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  • *Bond market closing its doors to Greece, analysts say. Ten-year borrowing costs shot up by more 80 basis points to 7.85 percent, their highest since February, partly reflecting a lack of faith in Prime Minister Antonis Samaras' ability to ensure Greece can fund itself in the market. The Athens stock market plunged 6.8 percent to 884.06 and was on track for its...

  • Greek stocks sink, bond yield surge threatens bailout exit Wednesday, 15 Oct 2014 | 11:40 AM ET

    *Bond market closing its doors to Greece, analysts say. Ten-year borrowing costs shot up by more 80 basis points to 7.85 percent, their highest since February, partly reflecting a lack of faith in Prime Minister Antonis Samaras' ability to ensure Greece can fund itself in the market. At this level the market is closed for Greece, "said Alessandro Giansanti, senior...

  • Greek bourse plunges below 1,000 amid uncertainty Tuesday, 14 Oct 2014 | 12:30 PM ET

    ATHENS, Greece— Stocks have been hammered in Greece and borrowing costs continued to rise, amid renewed political uncertainty over the future of the country's bailout program. Shares on the Athens Stock Exchange closed 5.7 percent lower Monday, falling below the 1,000- point mark to 948.21, while yields on Greece's 10- year bonds hit 7 percent after a...

  • *Ireland to end tax regime that saved multinationals billions. DUBLIN, Oct 14- Ireland will phase out a tax loophole that multinationals use to save billions of dollars under sweeping changes to its corporate tax structure announced in Tuesday's budget, the first in seven years without new austerity measures. Ireland, which left a European Union/ IMF bailout...

  • WASHINGTON, Oct 12- Greece has begun talks for ending International Monetary Fund aid to the country, but will continue to have routine post-bailout reviews by the Washington- based group, a Greek official said after talks with the IMF's chief on Sunday. The IMF is deeply unpopular in Greece for insisting on austerity cuts under Greece's 240 billion euro EU/IMF...

  • Bernanke says he was reluctant on AIG bailout Friday, 10 Oct 2014 | 3:13 PM ET

    WASHINGTON— Former Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc. in 2008. But he ultimately came to believe the $85 billion bailout loan to the company was needed to avert a shock to the financial system. "I did not make any personal judgments about the...

  • Bernanke defends AIG bailout in court Thursday, 9 Oct 2014 | 6:59 PM ET
    Former Chairman of the Federal Reserve Ben Bernanke arrives at U.S. Court of Federal Claims to testify at the AIG trial October 9, 2014 in Washington.

    In court, former Fed Chair Ben Bernanke defended the government's bailout package for AIG, including an equity stake taken by the government.

  • Bernanke defends AIG bailout in court Thursday, 9 Oct 2014 | 3:09 PM ET

    WASHINGTON— Former Federal Reserve Chairman Ben Bernanke testified in federal court Thursday that insurance giant American International Group Inc. had to be rescued by the government in 2008 to avert global catastrophe. Bernanke was one of the key decision makers on the bailout, which began with an $85 billion rescue loan from the New York Federal Reserve...

  • WASHINGTON, Oct 9- Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group in 2008, in a fourth day of testimony by former top government officials looking to convince a federal judge that the rescue of the insurance company was legal. Former AIG Chief Executive Hank...

  • Langone's view of AIG bailout     Thursday, 9 Oct 2014 | 8:08 AM ET

    Invemed Associates chairman and president Ken Langone, shares his opinions on the terms of AIG's government bailout.

  • CNBC's Mary Thompson reports former Treasury Secretary Timothy Geithner's testimony suggests AIG had no other options at the time of its government bailout.

  • HONG KONG, Oct 9- The bailout of domestic bondholders of Chinese solar equipment producer Chaori shows the government is determined to shield its rapidly growing corporate bond market in a slowing economy, analysts and traders say. State-owned China Great Wall Asset Management and a Shanghai- based investment firm will also guarantee 880 million yuan of the...

  • Ireland sells bonds at record-low yield Thursday, 9 Oct 2014 | 7:26 AM ET

    DUBLIN— Ireland's treasury sold 10- year bonds at a record-low yield of 1.63 percent on Thursday, providing the latest evidence of the country's strong rebound from a debt crisis and international bailout. Ireland is expected to exceed its deficit reduction targets for both this year and 2015, when the country is expected to post a deficit well below 3 percent...

  • WASHINGTON, Oct 8- Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government's efforts to rescue the insurance company as it stood minutes from bankruptcy. The questions came in the...

  • Geithner defends terms of AIG bailout Wednesday, 8 Oct 2014 | 2:58 PM ET

    WASHINGTON— Former top regulator Timothy Geithner defended terms of the U.S. government's bailout of American International Group Inc., saying Wednesday that the insurance giant's exceptionally risky behavior had caused losses that called for strict treatment. In trial testimony, Geithner said he and his colleagues at the Fed and the Treasury Department...

  • WASHINGTON, Oct 8- Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government's efforts to rescue the insurance company as it stood minutes from bankruptcy. The questions came in the...

  • AIG trial: Geithner's doomsday binder     Wednesday, 8 Oct 2014 | 10:34 AM ET

    CNBC's Mary Thompson reports former New York Fed president and Treasury Secretary Tim Geithner is on the stand answering questions about the AIG bailout.

  • AP Top Extended Financial Headlines At 9:41 a.m. EDT Wednesday, 8 Oct 2014 | 9:41 AM ET

    US stocks move between gains and losses in early trading; Fed minutes coming up SolarCity offers loans so rooftop customers can own solar system, still pay less for power Company recalls after-market floor mats that fit full-size General Motors pickups, SUVs Ex-New York Fed, Treasury chief Geithner grilled in court over handling of 2008 bailout of AIG Russia...

  • AP Top Extended Financial Headlines At 9:36 a.m. EDT Wednesday, 8 Oct 2014 | 9:36 AM ET

    SolarCity offers loans so rooftop customers can own solar system, still pay less for power Company recalls after-market floor mats that fit full-size General Motors pickups, SUVs Ex-New York Fed, Treasury chief Geithner grilled in court over handling of 2008 bailout of AIG Russia gives preliminary approval to bill granting compensation to sanction-hit...

  • AP Top Extended Financial Headlines At 9:23 a.m. EDT Wednesday, 8 Oct 2014 | 9:23 AM ET

    Global growth worries send stocks lower, Tokyo hurt by strong yen, investors look to Fed SolarCity offers loans so rooftop customers can own solar system, still pay less for power Company recalls after-market floor mats that fit full-size General Motors pickups, SUVs Ex-New York Fed, Treasury chief Geithner grilled in court over handling of 2008 bailout of AIG...