NEW YORK (Dow Jones)–Investors on Tuesday cheered the U.S. government’s plan to
invest in nine large banks, judging that the additional strength they gain will
outweigh some dilution to shareholders.
Shares of all but one of the banks, JPMorgan Chase & Co. (JPM), were sharply
higher in afternoon trading.
According to the plan, banks who accept an investment from the [...]
Treasury plans to take equity positions by mobilizing funds from $700 billion bailout package.
Citigroup $25 billion
J.P. Morgan $25 billion
Bank of America $12.5 billion
Merrill Lynch [...]
FGIC: Investors In Talks To Back Bond Business
Last Update: 4/15/2008 3:07:26 PM
By Lavonne Kuykendall
Of DOW JONES NEWSWIRES
Weeks after first outlining its plans to split its bond-insurance business into
public and private units, FGIC Corp. says it has identified investors that may be
interested in providing the capital necessary to pull [...]
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