Troubled Assets news from FierceFinance

"The Wall Street equivalent of a coroner's report." That's what the New York Times calls the 2,200 page tome delivered by bank examiner Anton Valukas about the demise of Lehman Brothers (Lehman... Read more...

We've long said that it would be colossal if the government gave TARP banks a clean bill of health only to watch them tank anew. The fact is that there is no public money left for them. The... Read more...

The big TARP banks took some PR lumps earlier when it appeared they were not using their TARP funds to expand their lending. Has that changed at Citigroup? The bank's committee overseeing the use of... Read more...

The wife of a big time financier whose firm has accepted billions in TARP funds has penned an article for Portfolio. "Confessions of a TARP wife" is all about her new "financial abstinence," which no... Read more...

The banking industry is fighting back in Washington, pressing its case that onerous bonus restrictions would be bad for the industry and the economy. But Congress remains in a "fever pitch,"... Read more...

The Treasury's Tim Geithner was scheduled to provide details of the new bank bailout plan today. But it may get pushed back to Tuesday to allow Geithner to work on the stimulus package. Geithner is... Read more...

You definitely get the feeling that while Citi may be the biggest of the sick banks, it is hardly the only sick bank. For better or worse, the government has now set a precedent for phase-two... Read more...

The big day for Lehman Brothers is Sept. 18, the day it will announce a big third-quarter loss and most likely some capital raising... Read more...

Think Merrill Lynch has put the worst of the credit crunch behind it? Goldman Sachs analysts are not convinced. They are telling clients to sell. After a recent stock run that ended last week,... 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...