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The government says it has provided $1.46 billion to 19 banks in the latest payments from its $700 billion financial rescue fund. The Treasury Department said Tuesday the new payments bring the total paid out in its program to buy banks' preferred stock...
The Treasury Department has provided $1.15 billion to 42 banks in new payments from the government's $700 billion financial rescue fund. The department said Tuesday that the latest capital infusions went to banks in 25 states, including one in North Carolina:...
Tags: billion financial, Treasury Department, financial rescue, rescue fund, Nebraska, nebraska banks
Troubled German lender Hypo Real Estate said Friday it has been granted euro20 billion ($25 billion) in loan guarantees from a government fund, which comes on top of a previous bailout to stabilize its business amid the financial turmoil. Munich-based...
Tags: Hypo Real Estate, rescue fund
The troubled property lender Hypo Real Estate on Wednesday became the first German commercial bank to seek help from the government's bank rescue fund, asking for short-term financing and then possibly money for a recapitalization. Hypo Real said it had...
Tags: Hypo Real Estate, banks rescue, rescue fund, rescue package, Germany