15 Additional Banks Plan to Seek U.S. Aid
Source: http://www.nytimes.com/2008/10/28/business/economy/28assist.html?pagewanted=print
At least 15 banks have signed up for the government’s offer of a cash injection, in addition to the 9 that joined the program initially...
Nine of the largest banks, including JPMorgan Chase & Company and Citigroup, received the first $125 billion of capital infusions two weeks ago.
The additional 14 banks that have announced they will use the government funds includes: PNC Financial Services Group, $7.7 billion; the Capital One Financial Corporation, $3.55 billion; the Regions Financial Corporation, $3.5 billion; SunTrust Banks, $3.5 billion; Fifth Third Bancorp, $3.4 billion; KeyCorp, $2.5 billion; Comerica, $2.25 billion; the State Street Corporation, $2.0 billion; the Northern Trust Corporation, $1.5 billion; Huntington Bancshares, $1.4 billion; the First Horizon National Corporation, $866 million; the City National Corporation, $395 million; Valley National Bancorp, $330 million; Washington Federal, $200 million; and First Niagara Financial Group, $186 million.
Monday, October 27, 2008
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