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(PETR DAVID JOSEK/The Associated Press) Richard Sulik, center, leader of the Freedom and Solidarity Party and Parliamentary Speaker of Slovakia starts a Parliament session during which the lawmakers will vote on approval for more power to the EU bailout fund, in Bratislava, Slovakia, Tuesday, Oct. 11, 2011. Slovakia is the last eurozone country to vote on the fund. The 17 nations that use the euro must all approve expanding the powers of the bailout fund, which is designed to shore up Europe’s defenses against the debt crisis.

Stock dip ahead of Slovakia vote on rescue fund

Last updated Tuesday, October 11, 2011 - 8:01am

NEW YORK — Stocks are falling on worries that Slovakia might not approve a plan to strengthen Europe’s bailout fund. That could complicate efforts to deal with the region’s debt crisis.

Business, Bailout, Debt Crisis, Finance, Stock Market, Wall Street, European Union Read more Comments

(RICHARD DREW/The Associated Press) In this Oct. 10, 2011 photo, specialist Joseph Dreyer, right, works at his post on the floor of the New York Stock Exchange. Concerns that Slovakia might not approve a stronger European bailout fund _ seen as necessary to beating a path out of the continent’s current debt crisis weighed on markets Tuesday, Oct.11, 2011.

Stock futures slip after Dow’s 330-point rise

Chip Cutter The Associated Press

Last updated Tuesday, October 11, 2011 - 7:13am

NEW YORK — Stock futures are falling a day after the Dow Jones industrial average posted its largest gain since early August.

Business, Bailout, Dow Jones Industrial Average, Nasdaq, S&P 500, Stock Market, Wall Street, Europe, National Read more Comments

Athenians walks next a broken window of a building in central Athens on Thursday, June 30, 2011. Greek lawmakers are set to pass a bill Thursday to fast-track fresh austerity measures demanded by creditors following two days of rioting in Athens that left some 200 people injured.(AP Photo/Petros Giannakouris)

Greece clears final hurdle to get bailout funds

The Associated Press The Associated Press

Last updated Thursday, June 30, 2011 - 10:11am

ATHENS, Greece -- Greece bought itself time to deal with its crippling debt crisis Thursday after lawmakers passed the second and final austerity bill essential for the release of crucial bailout funds and prevent the country from defaulting next month.

Bailout, Economy, Greece, Protests, European Union, International Read more Comments

Treasury to cut ties with AIG

Pallavi Gogoi, The Associated Press

Last updated Friday, January 14, 2011 - 8:33pm

NEW YORK -- The government will wind down its largest and most complex rescue from the 2008 financial crisis, a $182 billion package to save insurer AIG, by selling stock over the next two years.

The plan could net taxpayers billions in profits.

American International Group Inc. paid its $21 billion outstanding balance to the New York branch of the Federal Reserve on Friday and converted preferred stock owned by the Treasury Department into more than 1.6 billion shares of common stock that can be sold on the open market.

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Fed IDs companies that used crisis aid programs

The Associated Press

Last updated Wednesday, December 1, 2010 - 2:53pm

WASHINGTON -- The Federal Reserve revealed details Wednesday of more than $3 trillion in emergency aid it provided to U.S. and foreign banks during the financial crisis.

Newly released documents show that the most loan money over time went to Citigroup ($2.2 trillion), followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bank of America ($1.1 trillion), Bear Stearns ($960 billion), Goldman Sachs ($620 billion), JPMorgan Chase ($260 billion) and Wells Fargo ($150 billion). Many of the individual loans they took were worth billions and had short durations but were paid back and renewed many times.

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