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
The U.S. Federal Reserve this month asked banks that were part of its "stress tests" to submit plans to repay government money, if they have not already repaid it, a person familiar with the situation said on Tuesday.
The Federal Reserve asked nine of
the U.S. banks that were part of this year’s stress tests to
submit plans for repaying the government’s capital injections, a
person familiar with the situation said.
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