Topic: Financial Rescue Plans
The head of the Federal Deposit Insurance Corp. said Thursday the agency will decide soon whether to end a government guarantee for special deposit accounts in banks used by businesses. The guarantee for non-interest-bearing "transaction" accounts was part of a program backing hundreds of billions of dollars in ...
Hartford Financial Services Group Inc. announced pricing Thursday for $1.1 billion in senior debt it will offer as part of a plan to repay $3.4 billion it received from the federal financial bailout. The insurance company says $425 million from the offering ...
NEW YORK (Reuters) - Fresh off repaying U.S. taxpayers, PNC Financial Services Group <PNC.N> said on Thursday it gave Chief Executive James Rohr an $18 million pay package for 2009, according to a regulatory filing. Rohr did not get a bonus in 2009 because of restrictions on executives of bailed-out banks. His pay includes $11.8 million ...
WASHINGTON (Reuters) - A top Senate Republican said on Thursday that setting up a fund to help unwind large troubled firms may perpetrate the assumption that some financial firms will always be rescued by the U.S. government. "I am not sure creating a fund or a honey pot is the right signal (for) dealing with 'too big to fail'," said ...
