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bailout
USA
Top titans face steep salary cuts at rescued firms
US firms who received large amounts of government aid during the height of the financial crisis have been asked to make steep cuts in salaries of top executives.
USA
Major paycuts ordered at rescued firms
US firms who received large amounts of goverment aid during the height of the financial crisis have been asked to make steep cuts in salaries of top executives.
USA
AIG to sell Taiwan life insurer for 2.2 billion dollars
American International Group, AIG, is set to sell its Taiwan unit, Nan Shan Life, the island's second-largest life insurer, to Hong Kong-based Primus Financial Holdings for 2.15 billion US dollars.
USA
AIG reportedly preparing to pay out millions in bonuses
US government-bailed American International Group wants to pay millions of dollars in bonuses to dozens of corporate executives, after an earlier round of payments set off a national furor, the Washington Post reported on Thursday.
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UNITED STATES
Big banks repay big bucks to US Treasury
JPMorgan Chase announced it has repaid $25 billion to the US Treasury, the biggest of all the expected repayments of loans made to the banks by the state. Other banks, including Morgan Stanley and BB&T Corporation, have also started repaying loans.
UK
Lloyds Banking Group chairman to step down by June 2010
The chairman of Lloyds Banking Group, Victor Blank (pictured) will step down from his post by June 2010, the partially nationalised British bank announced on Sunday. Blank had been criticised for his role in the takeover of HBOS.
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BANKING - GERMANY
Commerzbank agrees to partial nationalisation
Shareholders of the second-biggest banking group in Germany, Commerzbank, have approved almost unanimously the goverment acquisition of 25 percent of the bank in order to have enough cash to face the financial crisis.
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JAPAN
Tokyo prepares new $100 billion stimulus plan
Japan is preparing its third stimulus package since last autumn, this time to the tune of 100 billion dollars, Prime Minister Taro Aso announced on Monday. This latest cash injection would be the country's biggest ever supplementary budget.
bailout - Barack Obama - G20
G20: The world according to Obama?
How united can the G20 hope to be? Will Barack Obama manage to convince his fellow leaders of the need to step in further?
ECONOMY
French govt set to ban executive payoffs
French PM François Fillon is due to unveil a decree banning stock options and other executive perks in companies that receive state bailouts, a week after several French banks faced public furore for handing out massive bonuses.
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