BRUSSELS, Dec 11- Bondholders and large depositors in a failing bank could face losses as early as 2016 if Germany succeeds in accelerating tough new European rules to spare taxpayers from further bailouts.» Read More
When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland, reports the Financial Times.
"I'm on my way to an unknown destination in Asia where I'm going to look for a cave," Warren Buffett joked. "If the U.S. Armed forces can't find Osama bin Laden in 10 years, let Goldman Sachs try to find me."
European governments must put in place emergency bank recapitalization mechanisms within the next three months, according to the chairman of the new pan-European banking regulator, the Financial Times reports.
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.
New rules capital requirement for banks in Spain come into force on Thursday and Spain's vulnerable savings banks are looking around for any extra cash.
The European Central Bank was guilty of a “major failure of supervision” in not restraining lenders from fueling the property bubble in Ireland, says a former prime minister, the Financial Times reports.
The Treasury Department says it has sold trust preferred securities the government held in Ally Financial for $2.7 billion, the latest step in its efforts to recoup the costs of the $700 billion financial bailout.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
Ireland goes to the polls on Friday in a general election expected to sweep the ruling coalition from power – the first defeat for a eurozone government since the onset of the debt crisis.
The leading party in Ireland's national election campaign wants to spread the pain from the nation's bank collapse to investors in bank bonds.
BB&T has both elements, so Cramer chats with CEO Kelly King.
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.
Lewis said he found it “amazing” that the Irish government has “socialized” the banks—some $80 billion in senior and subordinated debt—and made it the financial responsibility of Irish taxpayers, who didn’t create it.
The European Central Bank suspended its emergency purchases of euro zone government bonds last week as the debt crisis eased, allowing it to focus on combating rising inflation, reports the Financial Times.
An overwhelming majority of business and financial leaders from around the world think there is a chance that one or more eurozone countries will leave monetary union over the next three years, reports the Financial Times.
Analysts are saying the end of March, but Cramer wants investors ready long before that.
New budget estimates released Wednesday predict the government's deficit will hit almost $1.5 trillion this year, a new record.
The Treasury Department says it has received $312.2 million from the sale of warrants it held in Citigroup. The sale was the government's latest effort to recoup costs from the $700 billion financial bailout.
At least for this year, the euro zone will remain united and no country is likely to default, analysts told CNBC.com. But debt restructuring is on the horizon for later.
American International Group said Monday that CEO Robert Benmosche, who has been battling cancer, has received a favorable prognosis and is expected to remain in his position at AIG until his retirement in 2012.