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Banks Profits From U.S. Guarantee.
- Source :
-
Wall Street Journal - Eastern Edition . 7/27/2009, Vol. 254 Issue 22, pC1-C5. 2p. - Publication Year :
- 2009
-
Abstract
- The article discusses benefits enjoyed by financial companies that have participated in a U.S. Federal Deposit Insurance Corp. program that guarantees new debt. The publication estimates that firms such as General Electric Co. and Citigroup Inc. will save around $24 billion in borrowing costs. The program has allowed Goldman Sachs Group Inc. to save over $200 million per quarter in financing costs.
- Subjects :
- *BANKING industry
*GOVERNMENT guaranty of loans
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 254
- Issue :
- 22
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 43387959