WASHINGTON (Reuters) - Obama administration officials have determined they can avoid asking Congress for more bank bailout funds by converting existing loans to the largest U.S. banks into common stock, The New York Times reported on Sunday.
Similar Stories to U.s. May Convert Bank Bailout To Equity Share: Report on Bing News
Reuters: Top News, Reuters
Sun, 04/19/2009 - 9:04pm
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BING NEWS:
- NatWest accelerates privatisation with £1 billion share buyback from Government
as it looks to return the bank to private hands. In March, the stake fell below 30%, meaning the Government was no longer classed as a controlling shareholder in the lender. NatWest has been able to ...
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