Sep 21 Watch News Wrap: Deposed Leader Zelaya Returns to Honduras In other news, Manuel Zelaya, the deposed president of Honduras, announced Monday he has returned to the country, and AIG repaid the federal government $60 billion. Continue watching
Sep 02 If Big Banks Were Allowed to Fail, Would the FDIC Need a Bailout? Question: Some have said that big banks, like Citi or Bank of America, should have been allowed to fail. Given their size, could the FDIC really have covered the insured deposits? Or would the… Continue reading
Jul 17 Bank of America, Citigroup Report Strong Profits By PBS News Hour Two ailing banks that just a few months ago symbolized many of the troubles afflicting the American banking system posted strong second-quarter profits Friday, exceeding analysts' expectations. Continue reading
Jul 16 Watch Paulson Defends Bank of America-Merrill Lynch Deal Former Treasury Secretary Hank Paulson testified Thursday in the third and final House hearing looking into the government's role in the Bank of America purchase of Merrill Lynch. Jim Lehrer discusses the hearings with Binyamin Appelbaum of the Washington Post. Continue watching
Jul 16 Paulson Rebuts Congress’ Rebuke on Bank Merger By PBS News Hour Lawmakers grilled former Treasury Secretary Henry Paulson Thursday over the government's role in Bank of America's merger with Merrill Lynch, saying authorities withheld information about losses and intimidated bank executives into sealing the deal. Continue reading
Jul 14 Goldman Sachs Reports Quarterly Profits of $3.4B By PBS News Hour Just a month after paying back $10 billion in government bailout funds, Goldman Sachs reported impressive second-quarter earnings Tuesday, comfortably surpassing analysts' expectations. Continue reading
Jun 25 Watch Bernanke Faces New Questions Over Role of the Fed Federal Reserve Chairman Ben Bernanke faced fresh questions from a House committee Thursday over the central bank's role facilitating Bank of America's purchase of Merrill Lynch. Experts discuss the acquisition, as well as the expanding power of the Federal Reserve,… Continue watching
Jun 25 Fed Chief Denies Wrongdoing in BofA Deal By PBS News Hour Federal Reserve Chairman Ben Bernanke testified before a House committee Thursday, facing questions on the Fed's role in pushing Bank of America to acquire the struggling Merrill Lynch during the height of the Wall Street meltdown. Continue reading
Jun 11 Watch ‘Frontline’ Investigates Bank of America Deal An excerpt on Frontline's upcoming report on Bank of America and the government's new role in the banking system, told from the perspective of CEO Ken Lewis and the financial reporters who covered the story. Continue watching
Jun 11 Watch Lawmakers Examine Bank Purchase of Merrill Lynch Officials from the Treasury Department and Federal Reserve pressed Bank of America into purchasing Merrill Lynch last year, the bank's chief executive Ken Lewis told a House committee. Spencer Michels reports on the hearing. Continue watching