The insurance giant succumbing to pressure the U.S. Congress, made public today a list of banks and institutions in which have benefited from 170 billion dollars received by the Treasury to avoid a list that includes several European banks ( among which, however, are not credit institutions in Italy).

The list includes banks which have received payments from for 90 billion dollars in the period between September 16 last year and the end 'year, ie the period in which the insurance giant has received public money.

As for the coverage of the stock list shows the top Barclays ($ 7 billion), Deutsche Bank (6.4 billion dollars), BNP Paribas (4.9 billion dollars), Goldman Sachs (4.8 billion dollars), Bank of America (4.5 billion dollars), along with several other institutions.

The list of CDS (credit default swap), sees the top Societè General (4.1 billion), Deutsche Bank (2.6 billion) and Goldman Sachs (2.5 billion), while the list of Cdo (collateralized debt obligations) sees head Societè General (6.9 billion dollars), Goldman (5.6 billion dollars), Merrill Lynch (3.1 billion) and Deutsche Bank (2.8 billion dollars).

The said today to have published the list because conscious' 'importance of maintaining a high degree of transparency concerning the use of public money. " In fact, the insurance giant had opposed considerable initial resistance to the demands of the Congress - just based on transparency - to reveal details about the beneficiaries of public funds received to avoid

Even the leaders of the Federal Researve resistance had initially stated that disclosure of recipients of money given to could "undermine confidence in markets and reduce economic stability." But the mounting pressures of the Congress, summed up the scandal for the grant of bonus to its wealthy executives, led to give in to demands to make public the list of beneficiaries (including those advanced by Fortune magazine).

  • Share / Save / Bookmark
Tags:

Related posts