NEW HAVEN, Conn., March 4 (Reuters) - Lawyers for Jesse Litvak wrapped up their defense of the former Jefferies Group Inc trader on federal fraud charges without his taking the stand, putting the...
mortgage lending, which put the bank in the position to be one of the first financial companies in the country to turn down TARP funds in 2008. These major lessons continue to influence management’s strategy and capital decisions going forward, and this is no surprise given
Johnstown Pa., AmeriServ ( ASRV ) is a small regional banking company with a market cap around $60 MM. The company accepted some TARP -related money during the financial crisis; $21 MM of preferred stock is on the books, paying the lowest possible rate of
NEW HAVEN, Conn., Feb. 18 (Reuters) - A former Jefferies Group Inc investment banker "cheated, misled and defrauded" clients to boost profit in a $2 million scheme that took advantage of a federal...
NEW HAVEN, Conn., Feb. 18 (Reuters) - Former Wall Street investment banker Jesse Litvak "cheated, misled and defrauded" clients and lied to the government in a $2 million trading scheme after the...
Feb 13 (Reuters) - (The following statement was released by the rating agency)
conservative underwriting policies would have helped mitigate the losses. We give some credit to management for not rushing to repay TARP as soon as possible--a move that would have likely entailed much more dilution--but rather waiting and organically creating
Feb 6 (Reuters) - Ally Financial Inc : * "Well positioned" to exit tarp this year: executive * Executives speaking to analysts on a conference call
With 80 lenders still owing the government $2B from TARP financing they received during the financial crisis, 27 of them have until the end of next week to repay the loans or face an
investment, and promoting rent seeking. Rent seeking may be more extreme within our very own financial industry than in any other. TARP and QE are just the most recent and largest examples of government intervention to benefit corporate interests. For several decades