NEW HAVEN, Conn.— A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program. The judge also fined Jesse Litvak $1.75 million.» Read More
RUSSIAN FINANCE MINISTER SILUANOV SAYS GOVERNMENT CANNOT BAIL OUT COMPANY OWNERS AS IT DID IN 2008-2009 CRISIS.
SHANGHAI/ HONG KONG, March 19- A denial by China's central bank that it is involved in emergency talks to bailout a troubled property developer reinforced signals Beijing is now more willing to let banks and other investors take losses on loans. However, the reports "did not accord with reality", the People's Bank of China said in a post on China's Twitter- like Weibo.
KARLSRUHE, Germany, March 18- Germany's Constitutional Court upheld the legality of the euro zone's bailout fund on Tuesday, affirming a preliminary ruling back during the debt crisis in 2012 that gave a green light to the European Stability Mechanism.
LONDON, March 13- Irish government bond yields hit record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout drew substantial demand, cementing a return to full access to borrowing markets.
WASHINGTON, March 13- The International Monetary Fund has made good progress in its fact-finding mission in Kiev and will soon discuss Ukraine's economic situation with IMF management, a Fund spokesman said on Thursday. A team from the IMF arrived in Kiev last week to assess the country's economic situation and discuss a possible bailout program.
LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.
*Ireland set to resume regular debt auctions on Thursday. LONDON, March 12- Ireland's yields hit record lows on Wednesday a day before it returns to market with its first regular bond auction since exiting an international bailout in December.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.
*Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.
DUBLIN, March 7- Ireland's largest listed companies are confident over half a decade of weak earnings, gloomy outlooks and shrinking dividends are behind them and that the economic upturn under way is sustainable and sensible.
SHANGHAI, March 7- China's first domestic bond default looked set to occur as expected on Friday as there was no sign of a last-minute bailout for solar equipment producer Chaori Solar, an event seen as a landmark for market discipline in the world's second-largest economy.
Others, including Britain and the Netherlands, have taken longer. Bankia, Spain's fourth-biggest lender, needed 22.4 billion euros in bail-out funds from Europe and Spain's bank restructuring fund FROB. Britain pumped 66 billion pounds into Royal Bank of Scotland and Lloyds in 2008 and 2009 and provided tens of billions more in liquidity support to the sector.
NICOSIA, Feb 28- Cyprus's government will re-submit privatisation legislation to parliament, a spokesman said on Friday, a day after lawmakers rejected the roadmap and put an international bailout programme at risk.
WASHINGTON, Feb 27- Freddie Mac said on Thursday it will soon send the U.S. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion in dividends in return for the $71.3 billion in support it received from the Treasury when it was bailed out during the financial crisis.
WASHINGTON, Feb 27- Freddie Mac said on Thursday it will soon send the U.S. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion in dividends, more than the $71.3 billion it received from the Treasury when it was bailed out during the financial crisis.
WASHINGTON, Feb 27- Freddie Mac said on Thursday it will soon send the U.S. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion more in dividends than the $71.3 billion it received from the Treasury when it was bailed out during the financial crisis.
WASHINGTON, Feb 25- Ukraine appealed for urgent international aid this week after the fall of Russian-backed president Viktor Yanukovich cast doubt on whether it could get the remaining $12 billion from a bailout deal he struck with Moscow.
*Acting president says Ukraine close to default. KIEV, Feb 24- Ukraine appealed for urgent international aid on Monday after the fall of Russian-backed president Viktor Yanukovich cast doubt on a bailout deal with Moscow, saying it needed $35 billion over the next two years.
CNBC's Michelle Caruso-Cabrera reports Ukraine President Yanukovych is still missing, and U.S. Press Secretary Jay Carney says the U.S. is ready to help Ukraine with financial aid along with Europe.
WASHINGTON, Feb 24- Russian economy minister Alexei Ulyukayev said on Monday the next $2 billion bailout installment for Ukraine is "ready to go" and that Moscow was waiting for the formation of a new government after the ouster of Russian-backed president Viktor Yanukovich.