The Treasury Department has received $6.56 million from the sale of warrants it held from Texas Capital Bancshares Inc. as part of the support it provided the bank during the financial crisis. The Treasury said Friday that it sold 758,000 warrants in a auction with a ...

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Thursday praised Senate Banking Committee Chairman Christopher Dodd for his work on financial reform and pledged to work with him on a bid to overhaul banking rules. Geithner issued a statement not long after Dodd confirmed that a bipartisan Senate bid to craft new rules had collapsed. Dodd said he will unveil his ...

The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says. The government said the $17.2 billion bailout was a ...

WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday. The Congressional Oversight Panel, in a new monthly report, said despite three separate bailouts totaling $17.2 billion, GMAC Financial Services continues to struggle ...