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U.S. to Help Investors Buy Bank Assets

Mar. 24, 2009
Financial markets roared ahead yesterday as investors reacted with near-euphoria to the Obama administration's new trillion-dollar plan to stabilize banks by relieving them of their troubled assets and risky loans.
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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.

Report: Bank plan relies on private money

WASHINGTON, March 21 (UPI) -- The U.S. Treasury's plan to take "toxic assets" off the books of troubled banks relies heavily on private capital taking a role, sources say.

Geithner faces doubts on toxic asset plans

WASHINGTON, March 18 (UPI) -- All eyes will be on beleaguered U.S. Treasury Secretary Timothy Geithner as he unveils his much-awaited plan to deal with "toxic" bank assets, analysts say.

U.S. to go with alternative to 'bad bank'

WASHINGTON, Feb. 7 (UPI) -- The U.S. government has decided to go with an alternative to a "bad bank" to soak up the "toxic" assets held by financial institutions, sources say.

Japanese household assets plunge

TOKYO, Dec. 16 (UPI) -- Japan's falling stock prices took a big toll on the financial assets of households, which plunged 5.2 percent year-on-year in the July-September quarter.
U.S. to rescue Citigroup

U.S. to rescue Citigroup

NEW YORK, Nov. 24 (UPI) -- U.S. regulators and Citigroup Inc. have negotiated a rescue of the troubled bank that includes a multibillion-dollar one-two punch to contain bank problems.

Greenspan questions 'super fund' plan

NEW YORK, Oct. 19 (UPI) -- Alan Greenspan, the former chairman of the US. Federal Reserve, raised serious doubts Friday about a bailout “super fund” proposal.

U.S. Bank buys SunTrust assets

MINNEAPOLIS, July 25 (UPI) -- U.S. Bank National Association will buy the municipal and corporate bond trustee business of SunTrust Banks Inc.

Russell indexes top $2 trillion in assets

TACOMA, Wash., Nov. 22 (UPI) -- Russell Investment of Tacoma, Wash., said Monday its 21 stock indexes have exceeded $2 trillion in assets for the first time.

Assets rise in mutual funds

WASHINGTON, Aug. 24 (UPI) -- The Investment Company Institute in Washington said Tuesday worldwide mutual fund assets during the first quarter rose 3.6 percent.
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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