RSS Feed by Calculated Risk on 10/27/2008 09:06:00 AM
Monday, October 27, 2008
Capital One, Sun Trust Sell Preferred to Government
From the WSJ: Capital One, SunTrust to Sell Government Preferred Stock
A host of financial firms announced they will sell preferred stock and warrants to the federal government ...
The biggest morning disclosure was Capital One Financial Corp.'s $3.55 billion sale of preferred stock and warrants to the Treasury Department, followed by SunTrust Banks Inc. at $3.5 billion. ...
Other firms announcing their participation included Fifth Third Bancorp at $3.4 billion, Ohio-based regional bank KeyCorp at $2.5 billion, investment bank and asset manager Northern Trust Corp. at $1.5 billion and Huntington Bancshares Inc. at $1.4 billion.
