Smaller banks face higher interest rate bills if TARP remains unpaid, WSJ says U.S. small banks are facing a decision over federal aid received during the financial crisis. They can repay the funds soon or receive a higher interest rate bill, reports the Wall Street Journal. About 80 such banks still owe a total of about $2B disbursed under the Treasury's Troubled Asset Relief Program. Reference Link
News For NOSYMBOL From The Last 14 Days
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Bank of England maintains bank rate at 0.5% The Bank of England at its meeting today voted to maintain bank rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375B pounds.
SEC to hold a commission meeting Closed Commission Meeting to discuss institution and settlement of administrative proceedings and other matters relating to enforcement proceedings will be held at SEC Washington, D.C. offices on July 10 at 2 pm.