BornAgain123
November 14th, 2008, 08:43 PM
http://www.nytimes.com/aponline/business/AP-Meltdown-Banks.html?_r=2&oref=slogin&oref=slogin
WASHINGTON (AP) -- At least 110 banks have requested about $220 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before Friday's deadline.
The figures, from banks' own statements and analyst reports, indicate the requests are closing in on the $250 billion the Treasury set aside from the $700 billion fund to purchase stock in banks.
Analysts at Keefe, Bruyette & Woods estimated that 62 banks have received full or preliminary approval from the Treasury for $173 billion from the Troubled Asset Relief Program. The government said Monday that American International Group Inc. also would receive $40 billion from the program.........
WASHINGTON (AP) -- At least 110 banks have requested about $220 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before Friday's deadline.
The figures, from banks' own statements and analyst reports, indicate the requests are closing in on the $250 billion the Treasury set aside from the $700 billion fund to purchase stock in banks.
Analysts at Keefe, Bruyette & Woods estimated that 62 banks have received full or preliminary approval from the Treasury for $173 billion from the Troubled Asset Relief Program. The government said Monday that American International Group Inc. also would receive $40 billion from the program.........