FXstreet.com

US GOVTS: Treasury Seeking Asset Management Services for Capital Purchase Plan

Fri, Nov 7 2008, 16:15 GMT
http://www.afxnews.com

Washington, November 7 - The Treasury today said it is seeking financial institutions to help manage the purchase of preferred stock in banks under the Capital Purchase Program.

In a notice issued today, Treasury said it would take solicitations until November 13, and is looking for equity, debt and warrants asset management services.

Treasury was authorized under the $700 bln Wall Street bailout bill to buy up bank stocks as a way of re-capitalizing banks so they can keep up lending activities. Today's notice is only a request for solicitations for this program, not the separate program in the bill under which Treasury will buy up illiquid assets from banks.

pete.kasperowicz@thomsonreuters.com

pik/wash

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

Thomson Financial News

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Related News

US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:29 GMT

US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:21 GMT

UPDATE:Asian Shares End Mostly Lower; Tech Follows US Downturn
Dow Jones | Fri, Nov 20 2009, 11:20 GMT

China passive on US dollar
Forex Live | Fri, Nov 20 2009, 03:10 GMT

Geithner: China Wants To Deal With Currency Concerns
Dow Jones | Thu, Nov 19 2009, 16:55 GMT

us, treasury

View All

Related Content

Weekly Market Commentary - The trend to lower interest rates continues by Mizuho Corporate Bank
Fri, Nov 20 2009, 15:48 GMT

KBC News Picks - US: Philly Fed surprised on the upside in November by KBC Bank
Fri, Nov 20 2009, 09:21 GMT

Morning Report - US Philadelphia Fed index rises from 12 to 17 in Nov by Westpac Institutional Bank
Fri, Nov 20 2009, 05:56 GMT

Daily Forex Strategy Briefing - Stocks and Currencies at Crossroad by CMS Forex
Fri, Nov 20 2009, 01:51 GMT

Forex Technical Report - Equity Markets Soften as Traders Reevaluate Long Positions by ForexHound.com
Fri, Nov 20 2009, 00:19 GMT

us, treasury

View All

Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.