US Treasury continues to shut down support programmes

The US Treasury continued to reduce its support for the financial sector over the New Year, shutting down its Capital Purchase Program (CPP) and a loss-sharing agreement on $300 billion of Citigroup assets, and scaling down its planned support for the auto loan provider GMAC.

The Treasury announced on December 30 it would invest a further $4 billion in GMAC, in the form of a total of $2.67 billion of super-senior securities and $1.31 billion of mandatory convertible preferred stock. Prior to the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here