Sep 13 Watch New Global Banking Rules in the Works, 2 Years After Lehman’s Downfall Two years after Lehman Brothers collapsed, central bankers from 27 countries agreed to new rules that include substantially raising the amount of capital that banks must hold in reserve in hopes of preventing another global financial crisis. Continue watching
Dec 01 General Motors CEO Fritz Henderson Resigns The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker. Continue reading
Nov 04 GM Reversal on Opel Deal Rankles German Officials By Online DA In a surprise reversal that has left politicians across Germany fuming, General Motors' board has voted to abandon a deal to sell its European operations to car-parts supplier Magna International Inc. and Russian bank Sberbank. Continue reading
Nov 02 Watch Taxpayers’ $2.3 Billion ‘Gone’ in CIT Bankruptcy The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat. Continue watching
Sep 18 Lehman’s Lawyer on the Decision to Let It Fail By Business Desk Editor’s note: Paul also recently sat down with Harvey Miller, lawyer for Lehman Brothers during its descent into bankruptcy, for an insider’s look at what it was like meeting with government regulators as Lehman faced collapsed. Continue reading
Sep 15 In Case You Missed It: Losing Lehman Brothers Editor’s note: Last night on the NewsHour, Paul filed a compelling report on the fall of Lehman Brothers one year after the firm’s descent into bankruptcy. He traces Lehman’s fall from storied Wall Street investment bank to catalyst for the… Continue reading
Jul 16 Simon Johnson on the Future of the U.S. Auto Industry Paul Solman: The fourth in this week’s series of conversations with economist Simon Johnson concerns the future of the suffering American auto industry. Johnson weighs in on whether the new GM will make it and responds to the… Continue reading
Jul 10 Watch Post-Bankruptcy, GM CEO Pledges New Course After the announcement that General Motors Corp. had completed its 40-day stay under bankruptcy protection, CEO Fritz Henderson speaks to Judy Woodruff about the company's goals for remaking the struggling auto maker. Continue watching
Jul 06 Judge OKs Plan to Sell GM Assets; Appeal Looms By PBS News Hour A New York judge has approved General Motors Corp.'s bankruptcy sale in a move that will allow the company's most-profitable assets to quickly emerge from bankruptcy protection under government ownership. Continue reading
Jun 10 Chrysler Finishes Deal With Fiat After Court Strikes Down Request to Delay Sale By PBS News Hour Italian automaker Fiat became the new owner of most of Chrysler's assets Wednesday, in a move that largely ends the U.S. company's bankruptcy process and staves off concerns about liquidating the company. Continue reading