Nov 7th, 2009 - Bloomberg
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Nov. 7 (Bloomberg) -- Treasury Secretary Timothy Geithnersaid the U.S. economy requires “continued policy support” torecover from a financial and economic crisis that has pushedunemployment to its highest level since 1983.
“Yesterday’s jobs numbers in the United States reinforcedthat this is still a very tough economic environment,” Geithnersaid in a statement after a meeting today of finance ministersand central bankers from the Group of 20 nations. The U.S.unemployment rate jumped to 10.2 percent in October, asemployers eliminated another 190,000 jobs, according to a LaborDepartment report.
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Fed Says All Banks Except GMAC Meet Nov. 9 Capital Deadline
Nov 9th, 2009 - Bloomberg
Nov. 9 (Bloomberg) -- The Federal Reserve said nine of 10bank holding companies deemed short of capital in May haveraised their reserves enough to withstand the risk of higherunemployment and slower economic growth.
“The one exception...Advanta files for bankruptcy protection
Nov 8th, 2009 - CNNMoney
* Says Advanta Bank Corp not included in filing * Advanta Bank's capital, however, below requirements NEW YORK (Reuters) - Advanta Corp, a smallbusiness credit card lender...
Geithner: need stimulus, not financial transactions tax
Nov 8th, 2009 - Reuters
ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is...Geithner warns against putting brakes on stimulus
Nov 7th, 2009 - Forbes
ST. ANDREWS, Scotland -- U.S. Treasury Secretary Timothy Geithner has warned against putting the brakes on economic stimulus measures too quickly, saying that would weaken the economy. In prepared remarks ahead of a Saturday news conference...
G20 officials seek support for future growth
Nov 6th, 2009 - AOL Money & Finance
ST. ANDREWS, Scotland -Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured and committed themselves to urgent action on tackling climate change. U.S...
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