(Reuters) - Banks that received the most U.S. government aid made or refinanced 23 percent less in new loans in February, than in October 2008, when the U.S. Treasury launched its Troubled Asset Relief Program, the Wall Street Journal said, citing its own analysis of Treasury Department data.
In three of the four months that the U.S. government reported this data, the total dollar amount of new loans declined, according to the paper.
(Updates to include a statement from Treasury Secretary Timothy Geithner and adds that the administration has announced the new details.) Of DOW JONES NEWSWIRES WASHINGTON.
WASHINGTON (Reuters) - The U.S. Treasury Department will on Tuesday tap a $50 billion housing rescue fund to pay off mortgage investors and reduce monthly payments for millions of borrowers.
Chrysler LLC and the UAW reached a tentative agreement Sunday night that, if ratified, could reduce the chance the Auburn Hills automaker will file for bankruptcy. Neither party disclosed details of the agreement.
WASHINGTON (Reuters) - Momentum is building among U.S. lawmakers for a probe into the merger of Bank of America (BAC.N) and Merrill Lynch, amid allegations that federal.
April 23 (Bloomberg) -- The U.S. Treasury Department ispreparing a bankruptcy filing for Chrysler LLC only as a matterof “due diligence,” Michigan Senator Debbie Stabenow said inan interview. “They are preparing all options,” Stabenow.
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