TITLE

Letting Uncle Sam Hold Warrants May Be Best Bet

AUTHOR(S)
Monks, Matthew; Davis, Paul
PUB. DATE
May 2009
SOURCE
American Banker;5/22/2009, Vol. 174 Issue 98, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a growing consensus that U.S. banks who issued warrants to the Treasury Department in exchange for federal aid should be in no hurry to buy those warrants back. Purchasing the warrants could cost banks such as Bank of America and Wells Fargo over $2 billion, while letting them remain outstanding poses little risk in terms of stock dilution or loss of control.
ACCESSION #
40220578

 

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