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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Northern Trust

Northern Trust stories: 4 news summaries

 US Reaps Profit as 
 Banks Pay Back 
 TARP Funds 

Fed pulls in $14B from loan programs

Aug 31, 09 7:38 AM CDT
(Newser) - When the government spent some $240 billion last year to help avert financial disaster, the idea of making a profit from the TARP funds invested in teetering banks looked like a long shot. Now, however, profits from eight banks who’ve paid back the cash have totaled some $4 billion,... More »

MORE ABOUT:
Goldman Sachs • Federal Reserve • profits • Morgan Stanley • loans • American Express • investment • Treasury Department • taxpayer money • Northern Trust • TARP

OPINION

Outrage Over Bank's Golf Tourney Is Misplaced


Feb 28, 09 3:27 PM CST
(Newser) - “Golf, with its traditional fat-cat image, is an easy target for abuse, some of it deserved,” John Paul Newport writes in the Wall Street Journal. But the recent hubbub over Northern Trust’s sponsorship of a PGA tourney—that bank received $1.6 billion in TARP funds—threatens... More »

MORE ABOUT:
golf • Northern Trust Open • corporate sponsorship • Northern Trust • Wall Street bailout • TARP

Bailed-Out Bank Drops Millions on LA Golf Bash

$1.6B recipient sponsors open, hosts parties, concerts

Feb 24, 09 9:16 AM CST
(Newser) - A bank that got $1.6 billion in federal bailout cash lived it up last week in Los Angeles with luxe parties and concerts as it sponsored a PGA golf tournament, TMZ reports. Northern Trust flew hundreds of workers and clients to LA to stay in swanky hotels, eat classy... More »

MORE ABOUT:
Chicago • golf • Los Angeles • concert • Tiffany • party • Sheryl Crow • Northern Trust Open • bailout • Northern Trust

 Obama Got
 'Good Deal'
 on Mortgage 

Better-than-average rate on $1.32M loan raises eyebrows; bank says it's not unusual

Jul 2, 08 11:32 AM CDT
(Newser) - Barack Obama is taking heat for accepting a better-than-average interest rate that saves him $300 a month on his $1.32 million mortgage, the Washington Post reports. The 30-year, fixed 5.625% rate on the Democrat's Chicago home was under the 6% being offered other buyers in June 2005 by... More »

MORE ABOUT:
Barack Obama • presidential campaign • mortgage rates • Senate Ethics Committee • Northern Trust

4 Stories


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