Topic: Financial Rescue Plans
Standard & Poor's Ratings Services on Tuesday cut its outlook on Citigroup Inc. to "negative" from "stable," saying the U.S. government appears increasingly likely to leave bond holders hanging in case of another bailout of financial companies. The negative outlook signals the possibility of ...
Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit. The staunch Democrat investor and the Treasury secretary under President George W. Bush spoke onstage Tuesday ...
Insurer Hartford Financial Services Group Inc. spent $520,000 in the fourth quarter to lobby the federal government on insurance regulation reform, consumer protection rights and other issues, according to a recent disclosure report. That's down from the $690,000 the Hartford, Conn.-based life insurer spent in ...
Regional bank SunTrust Banks Inc. spent less than $5,000 in the fourth quarter to lobby on banking and financial issues, according to a recent disclosure report. That's about even with what the bank spent on lobbying in the 2009 third quarter. The Atlanta-based bank ...
