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Dec 14

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Citigroup to Repay $20B in TARP Funds

By Maureen Hoch

Citigroup announced Monday that it will repay $20 billion in taxpayer money, becoming the last of the major Wall Street banks to exit the government-funded bailout program.

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Dec 14

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Obama: Banks Must Lend More to Help Economy

President Obama asked the leaders of top U.S. banks on Monday to assume a larger role in helping the economy to recover. Kwame Holman reports and then Judy Woodruff speaks with presidential senior adviser Valerie Jarrett for more details.

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Oct 22

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Pay Slashed for Bailed-out Firms’ Executives

The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees.

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Oct 16

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Loan Losses Drive Down Bank of America Earnings

Bank of America reported Friday that it lost more than $2.2 billion in the third quarter, largely due to loan defaults and credit card delinquencies.

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Sep 02

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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…

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Aug 07

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Is the “Perfect Storm” Metaphor Appropriate for the Economic Crisis?

“The metaphor of the perfect storm is inapt. The captain’s action does not influence the height of the waves. Fed Chairman Bernanke, in contrast, participated in making and implementing interventions that worsened the financial crisis last year.” – from…

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Jul 17

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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.

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Apr 17

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Citigroup Posts Best Earnings Since 2007

By PBS News Hour

Beleaguered banking giant Citigroup broke a year-long streak of staggering losses Friday when it posted a first-quarter net profit of $1.6 billion.

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Apr 14

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After Infusion of Aid, Some Banks Return Bailout Funds

As the government invests billions to shore up the financial sector, some banks are returning rescue funds earlier than expected. A banking chief and a reporter explain the latest.

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Mar 10

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Bernanke Calls for Overhaul of Financial Regulations

Fed chief Ben Bernanke called Tuesday for a regulation overhaul to prevent future financial crises and monitor "too-big-to-fail" institutions. Analysts weigh the call for reform.

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