Ally Financial Inc., the auto lender majority owned by the U.S. government, won regulatory approval to change its holding-company status, allowing the firm to keep an insurance business and a vehicle-auction website. The Federal Reserve granted Ally’s request to convert …
The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules, an internal watchdog said on Monday. The inspector general …
The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout. Treasury said it received $7.6 …
Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials won the dismissal of a shareholder lawsuit accusing them of tolerating poor mortgage practices and quitting a federal bailout program early to boost executive pay. U.S. District Judge …
American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in addition to its previous estimate of $5 billion from its underwritten public offering of AIG common stock. The underwriters …
The chief executives of General Motors, AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the U.S. Treasury Department after they got “exceptional” bailout help during the financial crisis. The Treasury …
A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in September 2008 …
The U.S. Treasury Department said it received an additional repayment of $972 million from American International Group (AIG). The payment came mostly from the scheduled release of the escrow from AIG’s sale of its American Life Insurance to MetLife last …
