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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Genworth (GNW) Will Not Participate in the U.S. Capital Purchase Program
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Morning Movers 2/9: Hartford Financial (HIG) Up On Possible TARP Approval, Whirlpool (WHR) Lower on Weak Results/Guidance
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Insurance Stocks Higher On Expected Approval For Govenment Capital Injections (HIG, LNG, GNW)
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Notable Mergers and Acquisitions of the Day 12/10: VRX, YHOO, GNW
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Morning Movers 12/10: Rio Tinto (RTP) Up On Capital Plans/Job Cuts; Electronic Arts (ERTS) Sinks On Guidance
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After-Hours Movers 12/09: Genworth (GNW) Up On Bank Purchase; Electronic Arts (ERTS) Lower On Guidance
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Genworth Financial (GNW) Reaches Agreement To Acquire InterBank, fsb
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Morning Movers 11/17: United Therapeutics (UTHR) Sinks On Drug Failure, Las Vegas Sands (LVS) Up On Auditor Commnets
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Genworth Financial (GNW) In Agreement To Acquire InterBank fsb, Files Application For Treasury Capital Purchase Program