WASHINGTON, Dec 5- The United States urged Europe and Asia to match its efforts to make the financial industry safer, saying on Thursday it likely had done enough to ensure taxpayers will not have to bail out banks again in future crises.» Read More
WASHINGTON, Nov 7- Timothy Massad, the Treasury official who leads the U.S. bank bailout program, is about to be selected as the new chair of the country's derivatives regulator, a source familiar with the matter said.
*Freddie Mac bailout now profitable, Fannie Mae still short. WASHINGTON, Nov 7- Government-run Fannie Mae and Freddie Mac, America's biggest providers of housing finance, will send the U.S. Its larger sibling and fellow state ward Fannie Mae said it would make an $8.6 billion payment.
DUBLIN, Nov 7- Three years after going cap in hand to international lenders, Ireland got the green light on Thursday to step out on its own as the first euro zone country to exit its bailout programme.
DUBLIN, Nov 7- Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again.
DUBLIN, Nov 7- Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again. The European Union and International Monetary Fund are due to sign off on the last part of a 85 billion euro bailout, leaving Ireland to exit the process by the end of the year, the first crisis-hit euro zone country to do so.
DUBLIN, Nov 6- ING said on Wednesday it should complete its restructuring two years ahead of schedule, meaning the Dutch banking and insurance group could be one of the first euro zone casualties of the 2008 global crisis to emerge from a state rescue. KBC received 7 billion euros in 2008 and 2009, half from Belgium, the rest from the northern region of Flanders.
LJUBLJANA/ BRUSSELS, Nov 5- The European Commission said on Tuesday that Slovenia was set to see its budget deficit balloon next year but can still avoid an international bailout if it continues with structural reforms and fixes its banking sector.
SWORDS, Ireland, Nov 5- When 20 newly built family homes went up for sale in this Dublin commuter belt town in September, queues started three hours before the viewing opened on Saturday morning.
Elena Panaritis, former Greek politician and founder of Thought for Action, says the Troika's visit to Greece this week will highlight the country's need for more fiscal measures.
Brendan Howlin, Irish minister for public expenditure and reform, comments on the Irish economy and highlights that while exports are back to "boom level", the domestic recovery remains slow.
SHANGHAI, Oct 31- The looming bailout of Suntech Power may mark a temporary victory for the city of Wuxi in its struggle to keep its champion employer afloat, but it highlights a singular weakness in China's reform strategy: a deep-rooted political inability to allow inefficient businesses to go bust.
Follows offer from Shucheng to buy Suntech's China subsidiary. *Rising demand for solar products means injection makes sense for China- economist.
Following on from ringing the Nasdaq opening bell from Dublin, Enda Kenny, Irish prime minister, comments on the success of the country's technology industry and Ireland's exit from its bailout program in December.
DETROIT, Oct 29- The U.S. government has booked a loss of $9.7 billion on the nearly $50 billion bailout of U.S. automaker General Motors Co, according to a quarterly report to Congress on Tuesday. Treasury extended $49.5 billion in loans to GM in exchange for $2.1 billion in preferred stock and a 60.8 percent equity stake.
NICOSIA, Oct 23- The embattled head of Cyprus's central bank was plunged into a new controversy on Wednesday after lawyers alleged foreign consultants employed to help with an international bailout of the country earlier this year were seeking fees of nearly 5 million euros.
*Portugal plans debt swap to ease refinancing burden. LONDON, Oct 23- Portugal aims to replicate Ireland's path out of a bailout with a debt swap later this year, but the likely high cost may sow doubt among investors that it can stand on its own feet.
NEW YORK, Oct 22- As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase& Co over its mortgage practices, lawyers specializing in bank mergers are looking for ways to protect their clients from big losses in similar cases in the future.
DUBLIN, Oct 22- At the height of the euro zone's debt crisis in July 2011, Ireland's bailout looked doomed. It was an early sign that Ireland could do what was needed to turn itself around.
NEW YORK, Oct 21- A former Jefferies Group Inc managing director must face trial on criminal charges that he defrauded a federal bank bailout program by falsifying the prices of mortgage securities, a Connecticut federal judge ruled on Monday.
WASHINGTON, Oct 16- Federal Reserve Chairman Ben Bernanke does not have to testify in the multibillion-dollar lawsuit by the former chief of American International Group Inc against the United States over the insurer's 2008 bailout, a federal appeals court said on Wednesday.