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February 27th, 2009

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FDIC Raises Fees but Does Not Extend Loan Guarantee Program

Rising bank failures forced the U.S. to raise premiums and implement a one-time fee in order to cover the cost of deposit insurance. There were rumours of changes to a debt guarantee program but only minor changes were announced. The Federal Deposit Insurance...(read more)

Written by Mortgage News Daily on February 27th, 2009 with no comments.
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Treasury to Match Private Conversions of Common Equity in Citigroup

In a move geared at bringing private investment back to the financial system, the U.S. Treasury has agreed to match private conversions of preferred shares of Citigroup into common equity . Citigroup said it would offer to exchange up to $27.5 billion...(read more)

Written by Mortgage News Daily on February 27th, 2009 with no comments.
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