Bailout News

Greek Pro-bailout Parties Look to Forge Coalition

Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader …

Analysis: EU’s Spain Bank Rescue May Bring only Brief Respite

Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be short-lived. After …

Morgan Stanley Directors Win Pay Lawsuit Dismissal

Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded federal bailouts. Shareholders accused the outside directors of corporate waste and breaching their …

AIG Makes Final Payment for AIA Aurora Stake

American International Group Inc. has made a final $1.5 billion payment to the United States Treasury Department to retire the Treasury’s interest in AIA Aurora LLC (AIA SPV) – a special purpose vehicle created to hold ordinary shares of American …

ING Puts $775 Million Thailand Bank Stake up for Sale – Sources

ING Groep NV has put its roughly $775 million stake in Thailand’s TMB Bank Pcl on the block as the bailed-out Dutch financial services group pushes ahead with Asian divestments, sources familiar with the matter told Reuters. ING, which is …

France, Germany Give Greece Ultimatum on Euro

The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone. They also made clear that saving the euro was …

Greek Referendum Plan Threatens New Euro Zone Crisis

Prime Minister George Papandreou’s shock announcement that he will put Greece’s bailout to a referendum threatened to intensify the euro zone crisis, and brought complaints in Germany that Athens is trying to wriggle out of the deal. Euro zone leaders …

AIG’s Plane Leasing Unit ILFC Files for Initial Public Offering

AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year. ILFC Holdings Inc., as the company will be called, is the …

Europe at Impasse on Greece, IMF Backs Investor Role

The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU's insurers] to help cut Greece’s debt mountain as the euro zone sought to break an impasse on how and when to grant …

Banks, Insurers Move Closer to Deal on Greek Bailout

Banks and policymakers moved closer to a deal on Friday to help Athens secure funds ahead of a parliamentary vote on austerity next week that Greek Prime Minister George Papandreou must win to avert default. Despite a refusal by the …