December 31, 2009
The U.S. government announced on Wednesday that it will provide 3.8 billion dollars of new capital to help ailing auto and mortgage giant GMAC. The U.S. flag flies at the Burt GM auto dealer in Denver June 1, 2009. (Xinhua/Reuters, File Photo)“Treasury will commit 3.8 billion dollars of new capital to GMAC rather than the 5.6 [...]
Tags: billion, Billion dollars, capital, dollars, In Preferred Stock, In The First, New Capital, Of New Capital, Preferred Stock, The first, treasury
Posted in International, News | Comments Off
March 2, 2009
The US governmentâs third attempt to help rescue Citigroup Inc. wonât stanch the companyâs losses, which will continue to swell and may lead the bank to require more money in coming months, analysts said. Fridayâs action didnât furnish the New York-based bank with new money, although it cuts expenses by eliminating dividends on preferred stock. [...]
Tags: Amp Poor, analysts, assets, billion, Bondholders, But You Can, Chairman, Citigroup, common, Common Equity, convert, equity, financial, first, Friday, further, Further Government, Government, group, Group Inc, In New York, Institutional Risk, Institutional Risk Analytics, investment, investors, Its Outlook, losses, money, More Money, New york, percent, preferred, Preferred Stock, price, rescue, Rescue Citigroup, Risk Analytics, shares, Standard Amp, Standard Amp Poor, stock, Tangible, Tangible Common, Tangible Common Equity, The bank, The banks, The company, The Federal, The first, The government, The house, The stock, The Taxpayer, The value, third, value, Whalen, Whalen Said The
Posted in International, News | Comments Off
