bad bank news from FierceFinance

The god-awful reaction to Bailout 2.0 has prompted Treasury Secretary Tim Geithner to arrange for another release, this one with more details, reports CNBC. The critics were pretty savage in... Read more...

The Financial Times puts it pretty succinctly: If the bank industry's only problem were illiquidity, the new TARP may be just the tonic. It can do a lot to breathe life into the markets for some... Read more...

Lehman's announcement that it would spin off a bad bank was widely expected, and to many it seemed like a reasonable move. But not so fast. The issue of how the bad bank will be financed long-term... Read more...

The notion that Lehman Brothers might split itself into a bad bank--holding lots of troubled assets--and a good bank--the rest of Lehman--has been floating around for a while. Does the article in the... Read more...

This week, UBS announced plans to place its troubled mortgage-related securities in a separate subsidiary--the idea being that it would eventually be able to find investors in the fund. Such deals... Read more...