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U.S plans to inject $250 billion in to banks

By: kalex send a private message
New York City : NY : USA | about 1 month ago
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The United States plans to inject $250 billion in U.S. banks in a new bid to calm rattled markets with about half going to the country's top nine institutions, people familiar with the plan said on Monday.

The Treasury will say on Tuesday it will buy stakes in Bank of America Corp, Wells Fargo, Citigroup, JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley and Bank of New York Mellon Corp, said two sources speaking on condition of anonymity

Tags: United States, bank
More News From: New York City : NY : USA
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Reported by kalex
kalex

Member Since Oct 12, 2008

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