With so many banks reeling because of the credit crisis, the rumor mill is cranking up again about what JPMorgan Chase might want to buy next.
GMAC seeks bailout
GMAC Financial Services announced Thursday that it is seeking a capital infusion from the government and trying to access the $700 billion set aside for a bailout of banks that its parent...
Treasury doles out $33.6 billion to 21 banks
The U.S. Treasury said Monday that it has dispersed $33.56 billion to 21 banks in a second round of payments as part of the $700 billion bailout program designed to recapitalize the nation's...
Citigroup to cut more than 50,000 jobs
Citigroup said Monday it planned to cut more than 50,000 jobs, the latest move by the struggling bank to cut costs in order to weather the credit crisis plaguing Wall Street
Banks must start lending
The head of the Senate Banking Committee Thursday said banks receiving money as part of the $700 billion federal bailout must step up their lending to consumers and businesses.
Year of the bailout - and now GM?
The government has stepped in with nearly $125 billion to try and stabilize AIG. The nation's banks are tapping even more. Now General Motors wants its own bailout.
Post new comment