Economy Dec 14

No image
Obama Prods Bankers to Do More to Revive U.S. Economy

In a White House meeting with the executives of the nation's largest banks, President Obama called on financial institutions to step up efforts to revive the U.S. economy after they received "extraordinary" financial assistance.

Economy Dec 14

No image
Citigroup to Repay $20B in TARP Funds

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.

New compensation rules issued Friday will cap 2009 pay at $500,000 cash for about 450 employees at four companies that have received government bailout funds. The new guidelines affect the 26th- through 100th-highest-paid employees at the affected firms, which include…

Latest News