Treasury Department news from FierceFinance

When Jon Corzine was hired to head MF Global, he was greeted like a rock star. The board was ecstatic to get a former Goldman Sachs CEO and political power, albeit one who had just lost a New Jersey Read more...

At the height of the crisis, the Federal Reserve provided trillions of dollars to a variety of banks and companies to stave off a financial meltdown that would have ushered in an even worse economic Read more...

The Troubled Asset Relief Program (TARP) has been reviled by many; the public at large continues to see it as a bailout for fat cats that was anything but necessary to stop the spread of financial Read more...

AIG (NYSE: AIG) and the Treasury Department have agreed to a plan to convert $49.1 billion in AIG preferred shares into a whopping 1.66 billion shares of AIG common stock, which the Treasury will Read more...

"It is not tenable to leave in place the system we have today." So said Timothy Geithner at the much-ballyhooed conference hosted by the Treasury Department. But at the same time, there is no Read more...

The Treasury Department (Treasury news) auctioned off 272.17 million Bank of America (BAC Bank of America news) warrants, raising more than $1.5 billion. This is certainly good news for Treasury, Read more...

The Treasury Department will auction off 272.2 million warrants in Bank of America (BAC) on Wed. Previous TARP-related auctions proved to be lucrative for those willing to bet on JPMorgan Chase (JPM) Read more...

It was widely known that Goldman Sachs (GS) bought back the warrants it issued the government as part of the bailout at a profit. But it was unclear just how profitable the deal was for the Read more...

Recall that as part of the plan for Citigroup (C) to cut its ties to the government, the Treasury Department was going to piggy-back the initial secondary offering. It hoped to sell perhaps $5 Read more...

So far this year, Goldman Sachs (GS) has set aside nearly 50 percent of revenue for compensation and benefits. That's historically high. The gilded bank allocated 48 percent in 2008, 43.9 percent in Read more...