U.S. taxpayers may reap $3.17 billion
from the first auctions of warrants demanded by the government
for bailing out banks, including Capital One Financial Corp.,
JPMorgan Chase & Co. and TCF Financial Corp.
When Bill Isaac heard the current banking crisis referred to as the worst financial calamity since The Great Depression, he couldn't have disagreed more.
As Treasury Secretary Timothy Geithner contemplates whether to extend a $700 billion bank-bailout bill past its Dec. 31 deadline, lawmakers on the House floor are planning to vote on an oversight bill for the package by Dec. 2.
Most big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Richard Bove said.
BOSTON, Nov. 24 /PRNewswire-FirstCall/ -- Wainwright Bank & Trust Company (Nasdaq: WAIN) today announced that it repurchased effective today, the U.S. Treasury Department's $22 million preferred stock investment under the Treasury's Capital Purchase