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.» Read More
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.
Feb 21- Ally Financial Inc is hoping for an initial public offering of as much as $4.5 billion next month, sources familiar with the matter said, in a deal that would allow the U.S. government to make a profit on its crisis-era bailout of the auto lender.
Feb 21- Fannie Mae said on Friday that it would pay a dividend of about $7.2 billion to the U.S. Treasury next month, pushing taxpayers into the black on their bailout of the mortgage finance firm and its sister company, Freddie Mac.
Kazakhstan's move last week to dip into its National Fund to slash banks' bad loans and- to some extent- Russia's plan to tap into its wealth fund to bail out Ukraine reduce a potential pool of funds that otherwise could have been invested in capital-heavy projects such as infrastructure.
WASHINGTON, Feb 21- Fannie Mae said on Friday it would soon send the U.S. The bailout terms for Fannie Mae and Freddie Mac force them to turn over their profits to the Treasury in the form of dividends on the controlling stake the government took when it bailed them out.
WASHINGTON, Feb 21- Fannie Mae said on Friday it would soon send the U.S. Treasury $7.2 billion, a profit-related dividend that makes taxpayers whole for the 2008 bailout of the mortgage-finance giant and its sibling company Freddie Mac.
LONDON, Feb 21- Ukraine's government has heavy external financing needs in the coming year, raising concern over how it will honour gas bills and repay dollar bonds maturing in 2013. The country is embroiled in a political crisis that has killed at least 75 people this week, while the fate of a Russian bailout loan and of President Yanukovich- who on Friday announced plans for a unity government- remain uncertain.
*Process gives road signs to Portugal, Greece. DUBLIN, Feb 19- Ireland is the first euro zone country to emerge from a bailout brought on by unsustainable debt, but the long slog of cutting back what it owes is only just starting for its 4.6 million austerity-hit people.
*International lenders to return to Greece this week. LONDON, Feb 18- Greek bond yields hovered on Tuesday around their lowest since the country's debt was restructured, with its international lenders set to return to Athens this week to resume bailout talks.
When the Cypriot government forced bank depositors to pay their share of an international bailout, Vasilis Zertalis’s phone started ringing.
Greek finance minister Yiannis Stournaras, says the country's economy is "on track".
LONDON, Feb 13- State-backed Lloyds Banking Group paid 395 million pounds in bonuses last year, up 8 percent on the year before as it returned to profit for the first time since it was rescued by British taxpayers six years ago. Lloyds has more retail banking customers than any other bank in Britain, but needed a 20 billion pound bailout in the financial crisis.