May 13, 2009
Four banks have plans to use sales from common stock to repay government loans.
Wired PR News – Four big U.S. banks are reportedly planning to sell billions in common stock to repay government loans. As reported by Reuters, the banks announced their plans on Monday after tests of the government demonstrated they would be able […]
April 25, 2009
The president calls for a change in the government system for providing financial aid to college students.
Wired PR News – President Barack Obama is calling for a change in the government administration of financial aid to college students. As reported by the Associated Press (AP), Obama is pushing for financial aid to be administered directly […]
April 24, 2009
David Kellermann was reportedly found dead Wednesday at his home.
Wired PR News – Acting Chief Financial Officer of Freddie Mac David Kellermann was found dead in what police state appeared to be a suicide. As reported by the Associated Press (AP), Kellermann was found on Wednesday in his home in Reston, Virginia.
As noted by the […]
April 10, 2009
The president is set to meet Friday with financial regulators about stress tests.
Wired PR News – President Barack Obama is set to meet with financial regulators Friday in regards to stress tests for banks. As reported by Reuters, the President will discuss a range of topics with a group of regulators and advisors including Treasury […]
February 10, 2009
Investors react with frustration over the lack of details in Treasury Secretary Geithner’s announcement of the government’s bank recovery plan.
WiredPRNews.com – Investors showed their frustration with continued uncertainty on how the government will restore the financial health of the banking system on Tuesday. As reported by the Associated Press (AP), many investors decided to unload […]
February 6, 2009
Stocks fall Wednesday amidst fears about companies typically deemed safe.
Wired PR News.com – Investor fears have reached new levels as stocks tumble amidst concerns over companies that are normally viewed as safe. As reported by the Associated Press (AP), Wall Street took a significant loss on Wednesday as the numbers revealed a possible much higher […]
December 30, 2008
A reported 43 banks recently were recently given monies from the $700 billion allocated in a government rescue plan for financial institutions.
Wired PR News.com – The United States Treasury Department released information on Monday regarding recent recipients of the government bailout funds allocated to financial institutions. As reported by the Associated Press (AP), 43 banks […]
November 26, 2008
Joseph Cassano, a former executive for American International Group Inc. (AIG), is now being investigated by United States prosecutors. Wired PR News.com – As reported by Reuters, Cassano allegedly may have misled investors and auditors with flawed information pertaining to sub prime mortgage losses.
Citing information from a Bloomberg report, the Reuters article states Powerhouse Coopers […]
