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The House Financial Services Committee voted 38-29 to support an amendment sponsored by Rep. Paul Kanjorski (D-Pa.) that drew strong objections from Republicans and wariness from some centrist Democrats. Kanjorski said his amendment to the sweeping financial...
Tags: House Financial Services Committee, financial firms, Paul E. Kanjorski, large financial, Washington, Emergency Economic Stabilization Act, GMAC, U.S. Securities and Exchange Commission, Credit union, economics, Paul E. Kanjorski, Financial institutions, Politics, Business Finance
The bank said it plans to use the capital to expand lending and other business capabilities, and may also explore potential acquisitions. "Our participation in the Capital Purchase Program enhances SunTrust's already solid capital position and will permit...
Tags: 700 billion, Treasury, billion financial, stock purchases, financial rescue, large financial, financial companies, rescue package, package passed
Finance minister Wouter Bos announced the three month ban on public tv on Sunday night to create stability on the financial markets. The ban came into effect at midnight. ‘We are taking this measure because we have seen recently that the market value...
Tags: finance minister, short sell, Wouter Bos, financial institutions, minister wouter, large financial, seen recently, bos announced, Dutch Bank, ban short