US will get more than expected from bank warrants

Author: | Published: 1 Jul 2009

The banks approved to repay US government bailout money will have to wait for now, as the negotiations over the value of government warrants kick off.

After approving 10 of the largest banks to repay Capital Purchase Programme (CPP) funds, the US Treasury will have to agree to the repayment terms of warrants that were issued with the investments....