TITLE

Tarp Takers Face Tier 1 Exclusions

AUTHOR(S)
Davis, Paul
PUB. DATE
June 2010
SOURCE
American Banker;6/10/2010, Vol. 175 Issue 89, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that financial regulatory reform legislation approved by the U.S. Senate would bar banks still participating in the U.S. Treasury Department's Troubled Asset Relief Program (TARP) from including in their Tier 1 capital bank securities held by the Treasury. Attorney Barry Hester notes that if the provision becomes law, many banks would immediately find themselves undercapitalized.
ACCESSION #
51372769

 

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