Stories tagged: Troubled Asset Relief Program
Sun., June 22, 2014
Heidi Stanley, who for two decades helped build Sterling Financial into a Northwest banking powerhouse and rose to chief executive officer, accuses two subordinates of leveraging her struggle with breast …
Sat., Sept. 15, 2012
Bailout has become a dirty word. Like most dirty words, it has migrated a long way from any actual meaning and become a verbal cudgel. It might be useful to …
Fri., Dec. 10, 2010, 4:26 a.m.
The government’s heavily criticized $700 billion financial rescue program has earned nearly $35 billion in income over the past two years, according to data obtained by The Associated Press.
Sun., Sept. 5, 2010
The successful recapitalization of Sterling Financial Corp. may well be the best economic news of 2010 for Spokane. Thanks in part to that “bailout” we all say we hate.
Tue., Aug. 31, 2010
New Sterling Financial Corp. Chairman Les Biller was paid $1.5 million to accept the position, and will receive a total $4.5 million by Dec. 31, 2012, unless he resigns. Biller’s …
Sun., Aug. 29, 2010
A new Sterling Financial Corp. management team did not know what would be expected of them in October 2009. Federal and state regulators had forced the board of directors to …
Fri., April 30, 2010
The U.S. Treasury will accept a steep markdown of its investment in Sterling Financial Corp. as part of a recapitalization plan, the Spokane company announced Thursday. The markdown was a …
Fri., April 23, 2010, 12:54 p.m.
Treasury Secretary Timothy Geithner is telling Congress that the administration believes the final cost of the government’s heavily criticized financial bailout effort could be as low as $87 billion.
Mon., April 12, 2010, 11:10 a.m.
The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government’s $700 billion financial bailout program.