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Do you buy that the bailout worked?
In this month's Fortune poll, we ask readers whether they buy the argument put forth in our recent feature by Allan Sloan and Doris Burke, "Surprise! The Big, Bad Bailout is Paying Off." So? What's...
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Mr. Barofsky goes to Washington
The man who policed the great Wall Street bank bailout tells his story. A review of Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street, by Neil Barofsky. By...
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General Motors’ second bailout could sting
A grim situation for global automakers selling cars in Europe is growing worse. Now the two biggest Detroit-based automakers are undertaking drastic cost-cutting measures to stem massive losses....
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Not all of the government’s bailout investments worked out
Citigroup warrants, which were obtainedby the U.S. Treasury as part its bailout deal with the bank during the financial crisis, look like they will expire worthless by as soon as 2018, despite the...
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Portuguese government steps in to save Banco Espírito Santo
The Portuguese government has stepped in with a $6.6 billion plan to rescue beleaguered lender Banco Esprito Santo, officials said Monday. The bailout is a first test of European rules that were...
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Two cheers for ‘too big to fail’
Just last month, retired U.S. Congressman Barney Frank was back on Capitol Hill to defend his signature Dodd-Frank legislation. Republicans charged that the four-year-old financial reform law has...
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Former AIG CEO’s trial against government starts
Former AIG CEO Maurice “Hank” Greenberg’s case against the U.S. government kicked off Monday for what he believes was an illegal bailout during the 2008 financial crisis. In the case, called Starr...
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Euro Disney faces 2nd bail-out in three years as economy sours
Is this another proof of the theory that all you have to do to ruin a perfectly respectable brand, business or concept is just put the prefix “Euro” in front of it? Euro Disney SCA, the company that...
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Former Treasury Secretary Geithner defends AIG bailout in court
(REUTERS) Former U.S. Treasury Secretary Timothy Geithner on Tuesday defended the government’s rescue of American International Group Inc in September 2008, saying it was necessary to prevent the...
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Washington closes out last big position in Wall Street bailout
(REUTERS) – The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors,...
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Germany may have just put the nail in Greece’s Euro zone coffin
Germany’s rejection of Greece’s wilted olive branch on Thursday may mean that the Grexit--Greece’s exit from the Eurozone--is now inevitable. German and European Central Bank officials have grown...
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Greece’s fate awaits and Apple aims for an electric car by 2020 — 5 things to...
Hello friends and Fortune readers. Happy Friday! Wall Street futures are little changed this morning, while European shares are mixed. Most Asian indexes remain closed for the Lunar New Year, though...
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Greece’s reform plan and Yellen’s Senate grilling — 5 things to know today
Hello friends and Fortune readers. Wall Street futures are flat this morning as investors wait to hear what Federal Reserve Chair Janet Yellen has to say when she testifies before the Senate banking...
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Former AIG head Benmosche dies; led insurer after bailout
Robert Benmosche, who took the helm of insurer American International Group AIG after a massive government bailout at the height of the financial crisis, died on Friday at 70 after a battle with lung...
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Will debt negotiations force Greece into Russia’s orbit?
The seeds of Greece’s current debt crisis were sown years ago. It was the poorest and least stable economy to join the Euro in 2000. Greek and European leaders hoped that joining the currency would...
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The psychology behind the eurozone crisis
Editor's note: In his new book, Cultural DNA: The Psychology of Globalization,Gunek Bains discusses the soft skills required to engage leaders in a connected world. Below is an edited excerpt: This...
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Greece ready to pay and Furious 7 breaks records — 5 things to know today
Hello friends and Fortune readers. U.S. stock futures are pointing lower this morning, as investors get their first chance to react to Friday's weaker-than-expected jobs report for March, which showed...
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Apple Watch sales, and the U.S. presidential pool takes shape — 5 things to...
Hello friends and Fortune readers. U.S. stock futures are pointing lower Monday, after a three-day winning streak for the major stock averages in months. Stocks could be swayed by earnings season,...
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EU goes after Gazprom, and Teva eyes Mylan — 5 things to know today
Hello friends and Fortune readers. Wall Street stock futures are gaining again this morning, adding to strong market gains yesterday. European shares are also ahead, and Asian markets also closed the...
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Greece refuses a bailout extension to set up a weekend cliffhanger
Greece's fate, and possibly the fate of Europe's signature project on integration for the last 25 years, is about to be decided this weekend. Hopes of a breakthrough on Friday were dashed after the...
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