The U.S. government on Sunday entered into an agreement with Citigroup to bolster the company with $20 billion in capital from the TARP pool. The treasury has also announced that it, along with FDIC, will provide protection against an asset pool of approximately $306 billion of loans and securities backed by residential and commercial real [...]
November 24th, 2008 | rp | Comments | ContinuedAll Posts Tagged With: "Bear Sterns"
JPMorgan may face SEC civil charges
According to Reuters, JPMorgan Chase & Co has received a notice from SEC indicating the company may face enforcement action related to one of their units involved in the bidding of various financial instruments associated with municipal securities.
Last month Bear Sterns Cos also got a notice from SEC related to anti competitive activity in the [...]
