The Treasury Department has brought in $35 billion in revenue over two years, boosted by ongoing sales of Citigroup stock, new data show. But the Congressional Budget Office projects taxpayers will still lose $25 billion for bailing out the financial sector and U.S. automakers.
Inside these posts: Financial system
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Oct. 14, 2010 at 2:50 p.m.
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Filed under: Banking, Mortgages, Real estate, Stock activity Financial stocks dip as bank mortgage woes mount
Stocks dipped Thursday after another disappointing jobs report and growing concern over how potentially damaging foreclosure documents will weigh on the health of major banks. But losses were mitigated by expectations that the Federal Reserve will have to act soon to strengthen the economy.
Navigant buys EthosPartners for $37 million
Navigant Consulting Inc., a consulting firm that provides dispute resolution and financial and regulatory advice, said Monday it bought EthosPartners Healthcare Management Group Inc. for $37 million.
U.S. bankers want part of Basel plan dropped
A leading U.S. banking group is urging Basel Committee negotiators working on new international capital standards to ditch part of their proposal. Get the full story »
Fed buys another $1.35B of Treasurys
Bloomberg News | The Federal Reserve bought another $1.35 billion in of Treasurys as part of a program begun Aug. 17 to reinvest money from the mortgage securities to keep liquidity in the financial system. This brings the total Fed investment to $14.24 billion.
