The Chrysler Group posted on Monday its first quarterly profit since going through bankruptcy reorganization in 2009, as the company sold more cars at higher prices. Chrysler has reported its first quarterly profit since it emerged from bankruptcy protection 2 years ago. The US carmaker made a net profit of $116m (£69m) in the [...]
To the list of economic woes squeezing small banks, add another one: government bailout loans. The Treasury Department’s bailout program was designed with Wall Street megabanks in mind, according to a new watchdog report. The “one-size-fits-all” program may actually be hurting small banks that are struggling to repay the money or even deliver quarterly dividend [...]
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