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

Business News

Treasury Lets 10 Big Banks Start to Repay Bailout Money

Jun. 9, 2009
Goldman Sachs, JPMorgan Chase and eight other large banks were reportedly deemed strong enough by the Treasury Department to return more than $68 billion.
Related Stories from UPI.com

Economic Outlook: Underneath the profits

NEW YORK, April 21 (UPI) -- Bank stocks led declines on Wall Street Monday in a paradox of massive proportions -- a reported profit at Bank of America fooling, apparently, no one.

Treasury expecting bailout paybacks soon

WASHINGTON, April 16 (UPI) -- U.S. Treasury Department officials said they expect a minimum of $25 billion in bailout funds could soon be returned from financial firms.

Goldman Sachs considers stock sale

NEW YORK, April 10 (UPI) -- New York financial firm Goldman Sachs Group Inc. may soon announce a multibillion shares sale to help repay a $10 billion government debt, sources said.

Treasury outlines bailout approach

WASHINGTON, Oct. 13 (UPI) -- The U.S. Treasury said Monday it would implement the $700 billion bailout package with a five-point strategy.

Ex-Goldman, Sachs exec to oversee bailout

WASHINGTON, Oct. 6 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. Monday put a 35-year-old ex-Goldman, Sachs & Co. executive in charge of ramrodding the $700 billion bailout program.
Pickens: 'I'd give Paulson the money'

Pickens: 'I'd give Paulson the money'

WASHINGTON, Sept. 25 (UPI) -- Oilman T. Boone Pickens said Thursday the United States should give the Treasury secretary funds for a financial sector bailout "and tell him to get it fixed."

Senate confirms Paulson for Treasury post

WASHINGTON, June 28 (UPI) -- The U.S. Senate has confirmed former Goldman Sachs Chief Executive Officer Henry Paulson as the 74th U.S. secretary of the treasury.

Goldman Sachs gaining strength

WASHINGTON, June 4 (UPI) -- The nomination of Goldman Sachs chairman Henry Paulson Jr. as U.S. treasury secretary shows the company's growing global influence, it was reported.

JPMorgan Chase buys Vastera

NEW YORK, Jan. 7 (UPI) -- JPMorgan Chase Bank of New York Friday acquired Vastera of Dulles, Va., for approximately $129 million.

Goldman Sachs could face fraud charge

WASHINGTON, March 29 (UPI) -- Investment bank Goldman Sachs Group Inc. could be charged with securities fraud by the Securities and Exchange Commission, the Wall Street Journal reported Friday
1 of 29
Youngsters compete in Scripps National Spelling Bee
View Caption
Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler