The latest payments bring the amount the government has committed to buying bank stock as a way of bolstering the financial system to $187.5 billion. Treasury says it has provided support to financial institutions in 41 states and Puerto Rico.
Banks get $15 billion from bailout
WASHINGTON - January 5, 2009 - The Treasury Department says the biggest payment in the new
round totaled $7.58 billion to Pittsburgh-based PNC Financial
Services Group Inc.