The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Tr…
The financial analyst who rose to fame for her bearish calls on banks ahead of the financial crisis, sees more bad news ahead, predicting that banks will close 5% of their branch offices over the next year and a half.
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In a case with wider implications for the financial industry, jurors in a class-action securities fraud suit found that BankAtlantic Bankcorp was liable to shareholders for about $42 million for making false statements about th…
Meredith Whitney, an analyst who rose to fame as one of the few people who predicted the financial crisis ahead of time, now plans to from a new credit agency, the Financial Times reports.
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Historians will look back on Washington’s bailout of GM and Wall Street as the right move. That’s because it’s now clear that the costs of doing nothing would have been far higher, and it turns out that taxpayers may suffer onl…