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Fox News: Treasury Provides $15B from Bailout to 7 Banks

Started by riky, January 06, 2009, 01:03:47 AM

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Treasury Provides $15B from Bailout to 7 Banks
     


WASHINGTON (AP) --The government says it has supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.
   The Treasury Department says the biggest payment in the new round totaled $7.58 billion to Pittsburgh-based PNC Financial Services Group Inc.
   The latest payments bring the amount the government has committed to buying bank stock as a way of bolstering the financial system to $187.5 billion. Treasury says it has provided support to financial institutions in 41 states and Puerto Rico.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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