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News Source: International Herald Tribune
| 2 months ago
The Treasury Department, in its boldest move yet, is expected to announce a plan Tuesday to invest up to $250 billion in large and small banks, according to officials. The United States is also expected to guarantee new debt issued by banks for a...
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News Source: Inquirer.net
| 2 months ago
The United States plans to inject $250 billion in US 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...
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News Source: Denver Post
| 2 months ago
In what could set an important precedent, federal officials assured a big Japanese bank late Sunday that its planned investment in embattled Wall Street giant Morgan Stanley would be protected, according to people involved in the talks. After two...
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News Source: Times Online
| 2 months ago
Bank bailouts by governments mean that the public sector owns a stake in a large number of the world's financial institutions. Although it might be pushing the point to describe bankers as civil servants, it is not far wrong. However, despite the...
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News Source: Asian Age
| 2 months ago
The United States government also will temporarily guarantee bank debt and interbank lending and offer unlimited deposit insurance for many accounts. The efforts are part of a $700-billion bank bailout approved last month by the Congress. European...
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News Source: The Irish Times
| 2 months ago
The US Treasury is due to unveil its plan at 1.30pm with about half of the total figure likely to go to the top nine US banks to get them lending to each other again, people familiar with the plan said. Federal Reserve Chairman Ben Bernanke said in...
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News Source: India Abroad
| 2 months ago
The United States is expected to inject $250 billion to shore up the banking system and take stakes in nine top financial institutions, media reports said on Tuesday. The details are expected to be announced on Tuesday (around 1800 hrs IST) but the...
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News Source: Turkish Daily News
| 2 months ago
Treasury Secretary Henry Paulson urged banks receiving $250 billion in capital injections from the government to use the funds to spur economic growth. We must restore confidence in our financial system,'' Paulson said in a statement in...
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News Source: Times Online
| 2 months ago
President Bush today confirmed a $250 billion plan for the US Government to buy shares in America's largest banks, insisting that the move was "not intended to take over the free market but to preseve it". Following a model first adopted in Britain...
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News Source: The Boston Globe
| 2 months ago
The United States ushered in a new era in banking on Tuesday with plans to take ownership stakes in major financial institutions totaling as much as $250 billion, an incursion into the private sector that was called a regrettable last resort. The U.S.