Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Top News

Natixis parent company to guarantee toxic assets

sfgate.com
Aug. 26, 2009
French bank Natixis said its parent company has agreed to guarantee euro35 billion ($50 billion) of its toxic assets, a move it expects will help it return to profitability in the second half after reporting Wednesday its fifth consecutive quarterly loss....
Related Stories from UPI.com

Toxic assets program gets under way

WASHINGTON, July 8 (UPI) -- The U.S. Treasury kicked off the Public-Private Investment Program Wednesday, naming nine companies to serve as asset managers.

U.S. Treasury unveils toxic assets plan

WASHINGTON, March 23 (UPI) -- The U.S. Treasury unveiled its plan to free banks from frozen assets Monday, using a partnership with the private sector to give more clout to taxpayer dollars.

Fed gov't to scoop up toxic assets

WASHINGTON, March 22 (UPI) -- The federal government is about to take up to $1 trillion in bad loans and other toxic assets off the hands of U.S. banks, The Washington Post reported Sunday.

U.S. again considering 'toxic asset' buy

WASHINGTON, Jan. 17 (UPI) -- U.S. economic officials say they are exploring creating a government-backed "bad bank" to take "toxic" assets off the books of private institutions.
Most Popular
Stories Photos People Comments
Featured Photos
1 of 28
Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler