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Federal Deposit Insurance Corporation

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Geithner seeks new bailout powers

24.03.09
US Treasury Secretary Timothy Geithner has called for more power to deal with failing financial institutions other than banks, such as insurance giant AIG... more

Obama urges G20 growth kick-start

24.03.09
President Barack Obama called on the world's political leaders to kick-start the global economy at next week's G20 as his Treasury Secretary went to Congress to ask for powers to clean up the US financial system... more

Obama: We need an exit strategy for Afghanistan

23.03.09
Military force alone will not end the war in Afghanistan, Barack Obama said as he suggested a US "exit strategy" could be part of a new policy... more

Shares soar on US plan to mop up toxic bank assets

23.03.09
Shares on both sides of the Atlantic soared after US Treasury Secretary Timothy Geithner fleshed out plans to buy up to $1 trillion of toxic assets from banks... more

Internal email from Citigroup's Vikram Pandit to staff

24.11.08
... more

US 'on the road to shoring up banks with taxpayers’ money’

10.10.08
The US Government is weighing up its options on how best to support its crisis-hit banks.... more

America may fight back with $7 trillion savings guarantee

10.10.08
The US Government is considering a staggering $7 trillion (£4.1 trillion) guarantee of all savers’ deposits in a desperate bid to end the crisis in the banking system.... more

Wachovia saved from bankruptcy by Citigroup

29.09.08
Citigroup saved US bank Wachovia from almost certain bankruptcy as the worst financial crisis since the Great Depression wreaked more havoc on Wall Street... more

The accounting rules that have turned a crisis into a disaster

24.09.08
When they come to write the history of these times, it will be interesting to see how much blame gets pinned at the door of fair-value accounting... more

Era ends as Wall Street big two lose their status

22.09.08
Banking: Goldman Sachs and Morgan Stanley have abandoned their cherished status as investment banks in a shock move that marks the end of an era on Wall Street... more

American rescue bid could cost £1 trillion

19.09.08
Credit Crunch: Fears are growing that the financial-industry bailout being worked out by US authorities could take a heavy toll on the American economy, with cost estimates as high as £1.09 trillion.... more

Seeking an Equitable solution

11.09.08
There was a timely reminder in a published progress report yesterday that a substantial chunk of Equitable Life is not only alive but still able to kick.... more

Rescue deal for two US lenders

28.07.08
Banks in California and Nevada become the latest victims of the subprime crisis as Washington is forced to pick up $860 tab from failed lenders... more

Analyst warns 300 US banks could fail in next three years

14.07.08
More than 300 banks could fail in the US within three years, a gloomy new assessment warns... more

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