Will U.S. Banks Be Allowed to Use Billions of Government Money on Dividends? EIN News' Banking Industry Today Offers Extended News Coverage
Will U.S. Banks Be Allowed to Use Billions of Government Money on Dividends? EIN News' Banking Industry Today Offers Extended News Coverage
WASHINGTON, October 30 /EIN News/ - The stated purpose being to increase lending and inject capital into Main Street, the U.S. bank bailout plan may end up channeling government money into shareholders' pockets.
At the present pace, bank dividends will consume 52 percent of the Treasury's $250 billion investment over the initial three-year term, according to an analysis by the Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2008/10/29/AR2008102904533.html?hpid=topnews
The U.S. Treasury's approach contrasts with decisions by foreign governments, including Britain and Germany, to require banks that accept public investments to suspend dividend payments until the government is repaid.
To follow this story and other developments in the banking sector, sign up for the free Banking Industry Today News Alert at http://banking.einnews.com/users/newsalert.php. In addition to receiving daily e-mails with an unmatched selection of human-edited top stories, Banking Industry Today subscribers gain access to the entire website, its hundreds of news sections and RSS feeds.
You can learn more about Banking Industry Today and get a free trial at: http://www.einnews.info/news_publications.php
The publisher of Banking Industry Today, EIN News, was established in Central Europe in 1995, and through the years has built more than 200,000 individual topic news feeds and hosts 50 news sites on individual topic areas. The company has launched the well-known "Russia Today" brand and opened internet news access to China with "Inside China Today."
Offering a unique combination of human editing and proprietary scanning software, EIN News won Europe's coveted Momentum Award as the most innovative internet company on the continent. Serving thousands of customers daily, the company distributes its feeds via email or mobile news alerts, online and other channels such as Newsfeedmaker.com.
For more information: www.einnews.info
Contact:
Talib Ujjainwala
EIN News
www.einnews.info
press@einnews.com
Europe:
Tel: +420 233 371 538
Fax: +420 233 371 539
U.S.:
Tel: +1 202 318 8905
Fax: +1 202 478 2767
WASHINGTON, October 30 /EIN News/ - The stated purpose being to increase lending and inject capital into Main Street, the U.S. bank bailout plan may end up channeling government money into shareholders' pockets.
At the present pace, bank dividends will consume 52 percent of the Treasury's $250 billion investment over the initial three-year term, according to an analysis by the Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2008/10/29/AR2008102904533.html?hpid=topnews
The U.S. Treasury's approach contrasts with decisions by foreign governments, including Britain and Germany, to require banks that accept public investments to suspend dividend payments until the government is repaid.
To follow this story and other developments in the banking sector, sign up for the free Banking Industry Today News Alert at http://banking.einnews.com/users/newsalert.php. In addition to receiving daily e-mails with an unmatched selection of human-edited top stories, Banking Industry Today subscribers gain access to the entire website, its hundreds of news sections and RSS feeds.
You can learn more about Banking Industry Today and get a free trial at: http://www.einnews.info/news_publications.php
The publisher of Banking Industry Today, EIN News, was established in Central Europe in 1995, and through the years has built more than 200,000 individual topic news feeds and hosts 50 news sites on individual topic areas. The company has launched the well-known "Russia Today" brand and opened internet news access to China with "Inside China Today."
Offering a unique combination of human editing and proprietary scanning software, EIN News won Europe's coveted Momentum Award as the most innovative internet company on the continent. Serving thousands of customers daily, the company distributes its feeds via email or mobile news alerts, online and other channels such as Newsfeedmaker.com.
For more information: www.einnews.info
Contact:
Talib Ujjainwala
EIN News
www.einnews.info
press@einnews.com
Europe:
Tel: +420 233 371 538
Fax: +420 233 371 539
U.S.:
Tel: +1 202 318 8905
Fax: +1 202 478 2767
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