Glenn Fine, the acting Defense Department inspector general and a veteran watchdog, had been selected by peers last month for the position....

President Barack Obama says the US government will recover all the taxpayer money used to bail out the auto industry last year.

With the US Senate clearing the Dodd-Frank bill, the stage is set for President Barack Obama to sign into law the most radical reform of th...

Troubled Japan Airlines (JAL) is unlikely to form a capital tie-up with a US carrier and will limit the partnership to a business tie-up fo...

Britain's financial support including guarantees for its ailing banks has hit 850 billion pounds since the start of the crisis.

Royal Bank of Scotland, the British lender recently rescued by the taxpayer, reported Friday a first-quarter net loss of 857 mn pounds as w...

The House of Representatives was to vote on a bill to slap a 90-per cent tax on bonuses paid to top executives at bailed-out giants like AI...

Beneficiaries include Goldman Sachs, Deutsche Bank, Merrill Lynch, now part of Bank of America Corp, and French bank Societe Generale SA.

Even as politicians purvey various formulae to rescue Satyam, Centre has once again ruled out any govt bailout package.

US presidential candidate Barack Obama on Friday welcomed a plan by Treasury Secretary Henry Paulson to buy equity in financial institution...

Executives at AIG hid the full range of its risky financial products from auditors as losses mounted. 10 unique insurance covers | Financia...

The government's rescue of insurance giant American International Group Inc. last month is getting a critical eye from lawmakers examining ...

An unprecedented rescue plan for the financial system, pending imminent approval by Congress, could stabilize fragile markets, but also pos...

US President George W Bush meets for the first time Tuesday with Pakistan's new president and looks to reassure worried world leaders about...

McCain slammed the federal rescue of mortgage giants Fannie Mae and Freddie Mac as outrageous, as Obama expressed disquiet over hefty sever...

The US Congress Thursday steps up scrutiny of the government role in the rescue of Bear Stearns, even as Fed chairman Ben Bernanke argued t...

Credit crisis casualty Northern Rock PLC unveiled plans on Tuesday to slash one-third of its staff and cut its home loans book by half as i...