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Washington
Inside Washington (10/27/2008)
* WASHINGTON (10/28/08)--Fifteen financial institutions have signed up for a cash injection offer from the federal government to bolster the ailing banking sector (The New York Times and American Banker Oct. 27). The Treasury Department plans to fund up to 22 lenders in the $250 billion recapitalization program. JP Morgan Chase and Citigroup were among nine institutions to receive $125 billion of capital infusions two weeks ago. Other institutions that will use the government funds include: BB&T Corp., Capital One Financial Corp., PNC Financial Services Group, SunTrust Banks, Regions Financial Corp., KeyCorp, Comerica, Fifth Third Bancorp, State Street Corp., Northern Trust Corp., First Horizon National Corp., Huntington Bancshares, Washington Federal, City National Corp., Valley National Bancorp and First Niagara Financial Group ...


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