US Treasury Secretary Timothy Geithner is still to decide whether he will stick around for the rest of President Barack Obama's term as the federal debt ceiling has now been
The US Government on Monday said it has sold off Citigroup Inc. stock to recover USD 12 billion of the total USD 45 billion cash investment it made in
The US government has earned $10 billion from the bailout money paid by banks so far, according to a report that also suggests taxpayers might turn a profit on the
The US Treasury has received $45 billion from Citigroup and Wells Fargo as repayment of loans which the Obama Administration had given to the two American banking giants to help them recover from financial crisis.
But U.S. officials are not convinced.
Citigroup's shares lost 20 percent of their value on Friday.
Another 48 banks have applied for about $6.5 billion.
The U.S. Treasury will propose a $500 billion to $800 billion government program to take toxic mortgage-related assets off the books of U.S. financial firms.
Stay informed on our latest news!
