Paulson plans for U.S. to take stakes in regional lenders

10/24/2008 | Bloomberg

As part of the second stage of the $250 billion banking-rescue package, Treasury Secretary Henry Paulson is working toward buying stakes in regional banks, a source said. "We're going to give them [regional lenders] initial indications very quickly," Neel Kashkari, the interim Treasury assistant secretary heading up the department's financial-rescue office, told the Senate Banking Committee. "It will be a few weeks before the next batch are actually funded."

View Full Article in:

Bloomberg

Published in Brief: