Treasury Capital Purchase Program
The Treasury Capital Purchase Program is a program initiated by the U.S Treasury in October 2008 to purchase up to $250 billion of senior preferred shares on a voluntary basis in U.S. financial institutions, as part of its efforts to provide a firmer capital foundation for financial firms and to increase credit availability to consumers and businesses.
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Morning Movers 10/27: Embarq (EQ) Higher on Buyout; U.S. Steel (X) Lower on Downgrade
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SunTrust (STI) Cuts Qtr. Dividend 30% to $0.54; Receives Preliminary Approval for $3.5B Sale of Preferred Stock to US Treasury

