Small U.S. banks that took money from the Troubled Asset Relief Program may struggle under the weight of their repayment obligations, said a watchdog group led by Harvard University law professor Elizabeth Warren .
Wilmington Trust Corp ., the recipient of a $330 million taxpayer bailout, took back about $2 million in pay from Chief Executive Officer Donald Foley because the compensation broke U.S. Treasury Department rules.
Morgan Stanley and JPMorgan Chase & Co. are expected to lead General Motors Co.’s initial public offering that may have the U.S. reducing its ownership as soon as this year, people familiar with the matter said.
France and Germany reaped the benefits of the U.S. government’s rescue of American International Group Inc. without sharing any financial risk, according to a committee led by Elizabeth Warren , a Harvard University law professor.
Cerberus Capital Management LP’s sale of Chrysler Financial Corp. values the lender at least 33 percent more than when the U.S. Treasury Department sold its holding to the buyout firm seven months ago.