Fannie Mae Takes $9.9B Hit From Tax Law
The writedown will require the mortgage giant to seek a $3.7 billion cash infusion from the Treasury, its first draw since 2012.
RBS Investors Propose Shareholder Committee
Shareholder groups say the committee would “prevent poor stewardship” and avoid a repeat of mistakes that led to the bank's 2008 bailout.
Fed Adopts Bank Bailout Prevention Rule
The total loss-absorbing capacity rule is "one of the last critical safeguards that make up the core" of the Fed's post-financial crisis reforms.
EU Backs Liquidity Guarantees for Italian Banks
The liquidity support was approved under the EC’s 'extraordinary crisis rules for state aid to banks.'
Rio Gets $849 Million Pre-Olympics Bailout
Brazil's federal goverment steps in after the state of Rio de Janeiro declares its finances are a "public calamity."
IMF Sets Debt Relief as a Condition for Greek Bailout
The fund has been pushing for a restructuring as a condition of giving its support to Greece's latest bailout package.
Angola Seeks Three-Year Aid Package From IMF
Like other oil-producing countries, the OPEC member is struggling to plug the revenue gap caused by the oil price slump.
IMF Changes Rules to Avoid Large Bailout Loans
The fund now has the option of short-term debt 're-profiling' for countries whose bailout needs exceed normal IMF borrowing levels.
Failed Bank’s COO Gets 8 Years for TARP Fraud
Regulator says Ebrahim Shabudin was so "fixated" on protecting United Commercial Bank's reputation that he hid millions of dollars in losses.
IMF Urges Debt Relief for Greece in Split With EU
An International Monetary Fund study criticizes the latest Greek bailout, calling for measures to restructure the country's "highly unsustainable" debt.
Greek Banks Close As Debt Crisis Deepens
Prime minister announces referendum on new bailout deal as deadline for $1.7 billion debt payment looms.