The U.S. Treasury Department said Thursday it sold shares in five banks at a discount as it continues to wind down federal rescue programs dating to the 2008 financial crisis.
The Treasury's latest auctions brought in $149.3 million in net
proceeds, compared with cumulative outstanding investments of about
$175.6 million in the five banks.
Overall, the government didn't take a loss on the group, thanks to about
$31.4 million in dividends the banks had paid to the Treasury.
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