WASHINGTON, Sept 29- One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal.» Read More
*Athens hopes to wean itself off bailout plan early. In Berlin earlier this week, Samaras for the first time publicly acknowledged that Athens hoped to wean itself off a 240- billion-euro EU/IMF aid package a year before its scheduled end in early 2016..
WASHINGTON— The U.S. Treasury Department continued to approve "excessive" pay raises for top executives at General Motors and its former consumer finance arm, both of which received taxpayer-funded bailouts during the financial crisis, a new government report says.
DETROIT, Sept 24- The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general reported on Wednesday. In April, Treasury said it lost $11.2 billion on the $49.5- billion GM bailout.
ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.
ATHENS, Greece— Greece's finance minister said Friday that his country will not seek additional rescue funds from other eurozone countries after bailout loans are completed this year, despite concerns from rescue lenders that an early general election could unravel years of painful cost-cutting reforms.
KIEV, Sept 17- Ukraine's economy should pick up next year and grow 1.0 percent, the central bank said on Wednesday, after a sharp contraction this year due mainly to the impact of the crisis in eastern Ukraine. Ukraine has already received two disbursements under a $17 billion International Monetary Fund bailout this year.
Greek Finance Minister Gikas Hardouvelis says the country needs foreign investment and investors putting their cash in the nation will "succeed".
WASHINGTON, Sept 2- Ukraine may need as much as $19 billion in additional funds from donors if its conflict with pro-Russian separatists in the eastern part of the country continues in 2015, the International Monetary Fund warned on Tuesday.
ISLAMABAD, Sept 2- Anti-government protests that have gripped Islamabad since mid-August could throw off course economic reforms Pakistan promised to deliver in return for an IMF bailout, senior officials said, raising the risk of a sovereign rating downgrade.
Aug 26- A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the insurer's government bailout, clearing the way for a Sept. 29 trial.
KIEV, Aug 20- Ukraine's conflict with separatist rebels is draining the economy by the day and hampering efforts to implement reforms as required by an IMF bailout program, Prime Minister Arseny Yatseniuk said on Wednesday.
In the complaint, Pershing Square alleged that Treasury illegally seized tens of billions of dollars in Fannie and Freddie profits.
Aug 16- Activist Bill Ackman's Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae and Freddie Mac, court documents show.
*Senior bondholders in Banco Espirito Santo spared pain. FRANKFURT, Aug 13- Portugal is making the same costly mistake as Ireland by rescuing a troubled bank and largely sparing its bondholders losses, one of the architects of Ireland's bailout has warned.
TORONTO, Aug 8- Standard& Poor's said on Friday it had revised its outlook on Canadian banks to "negative," due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.
Aug 7- Fannie Mae and Freddie Mac said on Thursday they would pay dividends totaling $5.6 billion to the U.S. Treasury next month, pushing taxpayers further into the black on their bailout of the mortgage finance firms.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better plans to avoid taxpayer bailouts during a future crisis, inching a step closer to taking action if they still found the so-called living wills deficient next year.
CNBC's Rick Santelli speaks to Vernon Smith, professor of economics at Chapman University & Nobel Laureate winner, about the hidden cost of bailouts.
Wolfango Piccoli, managing director at Teneo Intelligence, says that a disbanding of the Troika would be a "tough sell" as doubt remains over whether Greece can deliver a reform plan.