Monday, October 13, 2008

Bank bailout-Who get's what

The Treasury plans to spend $25 billion each for stakes in Citigroup and JPMorgan, people said. Another $25 billion will be divided between Bank of America and Merrill, which agreed last month to be acquired by Bank of America. Goldman and Morgan Stanley will each get $10 billion, while State Street and Bank of New York will get injections of about $3 billion each, people said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=afXfxoDs.6JA&refer=home

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