A key accounting standard was changed Thursday to allow banks more flexibility in mark-to-market rules, which help establish the value of assets. Analysts explain what impact this change in these rules could have for banks. Continue reading
President Obama met with banking officials Friday at the White House to discuss financial strategies that will help unfreeze the credit markets and shore up capital. Analysts assess the plan and what it might mean for banks around the country. Continue reading
White House economic adviser Lawrence Summers details the Treasury Department’s plan to clear “toxic” assets from banks through a combination of public and private investment. Continue reading
Treasury Secretary Timothy Geithner has said he is working on a plan to remove so-called “toxic” assets from banks by having the government partner with private investors to create special funds. Analysts discuss the pros and cons of the strategy. Continue reading
The Treasury Department and Citigroup announced a new plan Friday in which the government will take ownership in a larger portion of the company’s stock. Washington Post reporter Binaymin Applebaum explains the move. Continue reading
As turmoil continues in the U.S. banking industry, speculation is intensifying over whether the government should take larger ownership stakes in banks. Columnist Paul Krugman and former FDIC chief William Isaac weigh the pros and cons.
Federal regulators vowed Monday to assist struggling banks by increasing the government’s ownership stakes while an Obama spokesman said the president supports a private banking system. A financial reporter discusses the deepening crisis amid large market losses. Continue reading
Economists discuss Treasury Secretary Henry Paulson’s announcement Wednesday that the government will shift its focus from buying troubled assets to shoring up institutions that manage credit cards, auto loans and other types of borrowing. Continue reading