Topic: TARP

Volkswagen and PSA Peugeot Citroën are looking at tapping a European Central Bank loan program designed to aid euro zone banks in a move that could help ease funding costs for the region’s carmakers, the Financial Times reports.

European policymakers are taking a page from their American counterparts in dealing with their sovereign debt crisis, a development that vulture investor Wilbur Ross considers positive.

Only the European Central Bank "has the balance sheet big enough to deal with this crisis" in Europe, Neel Kashkari, Pimco's head of equities, told CNBC Monday.