Republicans in the House of Representatives voted Thursday to eliminate the Obama administration’s “car czar,” as well as the “pay czar” who oversees compensation at companies bailed out with TARP money, and seven other preside…
Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the nu…
The number of government-aided U.S. banks in danger of failing has grown about 15% in the past six months, The Wall Street Journal has reported. The economy has continued to batter many struggling institutions, with 98 bailed-o…
General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year’s bailout. The latest transaction cuts the government’s st…
The federal governments bailout program has earned the taxpayer nearly $35 billion in the last two years, The Associated Press said.
Income from the Troubled Asset Relief Program (TARP) rose by almost 17% through November compared with the estimate i…