TARP

Dow Jones is reporting that The U.S. Treasury Department said it had received gross proceeds of about $6.2 billion from selling 1.5 billion in Citigroup Inc. shares (NYSE: C). The Treasury also plans to sell an additional 1.5 billion shares in the company. “Treasury, which took a 27% stake in...

According to a government report released by The Congressional Oversight Panel, the biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending. Elizabeth Warren, the panel’s chairperson, said...

The financial sector stood out in the Standard & Poor's 500 as it led the gains today. The sector was propelled by upgrades in rating for some insurers and the repayment of government bailouts. Some of the financial stocks that outshone today are: Hartford Financial Services Group (NYSE: HIG)...