Why the bailout extension is politically important to Greece
Disagreement over new austerity measures with the troika led Greece’s Prime Minister Antonis Samaras to take a sudden and market-moving decision on December 9.
Ally Financial's bailout ends as U.S. sells remaining stake
The U.S. government disposed of its remaining $1.28-billion stake in auto lender Ally Financial Inc., resolving the last big bailout from an emergency government program to halt the 2008 financial crisis.
The auto bailout is officially over
On Friday, the Treasury Department said it sold its remaining stake in auto lender Ally Financial.
IMF Withholds Bailout Money for Cyprus
IMF withholds Cyprus' bailout money installment over foreclosure law suspension
IMF, Ukraine fail to reach pact on next bailout tranche
WASHINGTON (Reuters) - The International Monetary Fund said Friday it had productive discussions with officials in Ukraine this week, but failed to reach an agreement that would pave the way for Kiev to receive its next bailout tranche next month. "We found that the Ukrainian authorities are preparing to move decisively on a broad and comprehensive agenda to stabilize and reform the economy ...
Washington closes out last big position in Wall Street bailout
WASHINGTON (Reuters) - The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday.
Ally’s Six-Year Bailout to End as U.S. Will Sell Stake
The U.S. government disposed of its remaining $1.28 billion stake in auto lender Ally Financial Inc. (ALLY) , resolving the last big bailout from an emergency government program to halt the 2008 financial crisis.
U.S. ends TARP with $15.3 billion profit
Treasury sold its remaining shares Friday in Ally Financial, it's last remaining major stake from the $426 billion bailout of banks and the U.S. auto industry.
IMF holds back Cyprus bailout funds
International Monetary Fund says expected tranche of €88m will not be paid after parliament suspended new foreclosure law The International Monetary Fund has said it will not release a further €88m (£69m/US$108m) in bailout money for Cyprus on Friday after the country’s parliament delayed a key foreclosure law that was due to take effect at the end of December. “Following today’s suspension of ...
Exclusive: Euro zone mulls extending Greek bailout by six months, Athens refuses
By Jan Strupczewski ATHENS (Reuters) - Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program. Extending the program beyond a few weeks into the new year would complicate Prime Minister Antonis Samaras’ efforts to ...