About $22 billion has been earned for the federal government through a program that distributed billions of dollars in assistance to financial institutions in the wake of the 2008 financial crisis, the congressional watchdog said […]
A final cost of $32.4 billion is estimated for the fund that was established in 2008 to help prevent the U.S. financial system’s collapse as the financial crisis reached its zenith, the congressional watchdog said […]
Michael Joseph Erikson, a former officer of Southern Bancorp Bank (Arkadelphia, Ark.) sentenced earlier this year for embezzlement, is prohibited from ever again working in a federally insured financial institution without prior approval of the […]
Three California bankers were sentenced Friday to a combined nearly 24 years in prison for their roles in the 2010 failure of a Sonoma bank, based on their convictions in federal court late last year. […]
Components of the “Troubled Asset Relief Program” (TARP) – adopted in 2008 to battle the effects on the banking system of a collapsing subprime housing market – will be wound down under a Treasury proposal […]
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