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Bailouts

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  • US government lost $11.2 billion on GM bailout Wednesday, 30 Apr 2014 | 11:36 AM ET
    The front of the General Motors world headquarters complex sports a new banner to proclaim its return to the NYSE November 18, 2010 in Detroit, Michigan.

    The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.

  • U.S. government says it lost $11.2 billion on GM bailout Wednesday, 30 Apr 2014 | 11:00 AM ET

    WASHINGTON, April 30- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.

  • April 29- Ratings agency Standard& Poors said it has downgraded 15 European banks, including Barclays Credit Suisse and Deutsche Bank, after European lawmakers agreed on a framework that prevents governments from having to bail out troubled banks. The banks, many of which are systemically important, also included ABN AMRO, Bank Of Ireland and ING Bank.

  • WASHINGTON, April 24- The International Monetary Fund on Thursday said its board planned to meet on April 30 to consider an aid package for Ukraine, saying that Kiev had supplied the necessary documents to determine whether conditions for a bailout had been met.

  • ANALYSIS-"Great Stretch" to secure Greek debt return Monday, 14 Apr 2014 | 2:50 PM ET

    Greece made a successful, if artificially engineered, return to the long-term capital markets last week for the first time since its international bailout in 2010, and just two years after imposing heavy losses on its private creditors.

  • ATHENS, April 11- German Chancellor Angela Merkel pledged on Friday to continue backing Greece, one day after the debt-laden country tapped bond markets for the first time since its international bailout began four years ago.

  • Euro zone still has more to do: Nowotny     Friday, 11 Apr 2014 | 11:45 AM ET

    Ewald Nowotny, governor of the Austrian Central Bank, says that while "substantial progress" has been made in European program countries, they need to continue their efforts to respect bailout clauses.

  • *Greece returns to bond markets, ends four-year exile. *Greece sees sale as first step to end austerity, bailout.

  • *Ukraine ready for harsh IMF medicine in return for bailout. KIEV, April 4- The Kiev government will stick to unpopular austerity measures "as the price of independence" as Russia steps up pressure on Ukraine to destabilise it, including by raising the price of gas, Prime Minister Arseny Yatseniuk told Reuters.

  • BEIJING, April 3- China's rating agencies are likely to keep a long-held assumption of government bailouts built into most ratings despite the country's first domestic bond defaults and warnings from Beijing that there is no blanket guarantee of support.

  • *Greece not considering follow-up international aid deal. April 1- Greece, fully funded for the next 12 months, hopes to finance itself on the market afterwards, but its euro zone peers say success depends on whether Athens delivers on the reforms it has promised so far.

  • Eurogroup president Jeroen Dijsselbloem, says he shares the optimism of the Greek government after it passed a key economic package to release more bailout money, but it is too early to say when the country can exit the program.

  • WASHINGTON, March 31- Top banks around the world benefit from an assumption that governments will rescue them during a panic, despite regulations meant to reduce the need for future bailouts, the International Monetary Fund said in a report on Monday.

  • ATHENS, March 31- Greece approved on Monday a contentious reform bill to secure bailout aid but the government was forced to expel a dissenting lawmaker, reducing its majority in parliament to just two seats.

  • LISBON, March 28- Portugal's chances of making a clean break from its international bailout in May are growing as its economic outlook gradually improves, borrowing costs slide, and some political dividends are seen for the government from going it alone. Prime Minister Pedro Passos Coelho has said the government will decide on what to do in April.

  • KIEV, March 28- The International Monetary Fund and Ukraine are discussing disbursement of $3 billion in the first tranche of a $14- 18 billion bailout package, Ukraine's finance minister said on Friday.

  • BANGALORE, March 27- The European Union's banking reforms will boost interbank business but won't end bailouts of failing lenders, economists polled by Reuters say.

  • UPDATE 1-U.S. govt to sell most of Ally Financial stake Thursday, 27 Mar 2014 | 8:08 AM ET

    March 27- The U.S. government plans to sell the bulk of its stake in bailed-out auto lender Ally Financial Inc, to raise up to $2.66 billion. Reuters reported in February that Ally Financial was hoping for an IPO of as much as $4.5 billion in a deal that would allow the U.S. government to make a profit on its bailout.

  • Ukraine to get $14-18 billion bailout from IMF     Thursday, 27 Mar 2014 | 7:31 AM ET

    CNBC's Michelle Caruso-Cabrera reports the details of a "stand-by arrangement," by the International Monetary Fund to help usher in a new era for the post-Soviet Ukrainian economy.

  • UPDATE 2-IMF agrees $14-18 bln bailout for Ukraine Thursday, 27 Mar 2014 | 6:33 AM ET

    KIEV, March 27- The International Monetary Fund has agreed a $14- 18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion.