Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

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 ...


RSS print
News Now LiveWire
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
5 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
6 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
7 hours ago
@TheNCUA open meeting is slated to start at 10 a.m. ET. Should be a quick one. #NewsNow http://t.co/rfYjnat7eI
8 hours ago
Mass. CUs in unanimous vote joined RI and NH CUs in approving merger of the 3 state leagues 2 form the Cooperative Credit Union Association.
8 hours ago