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Monthly financial news from USAIB
Banks Seeking to Escape TARP Focus on $5 Billion of Warrants
Wednesday, June 10, 2009 07:46 Local Time GMT
Ten lenders that persuaded the U.S. yesterday to sell back preferred shares for $86 billion may need to spend another $5.1 billion on warrants held by the Treasury to free themselves from government curbs.
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U.S. Homebuilder Confidence Rises to Eight-Month High
Tuesday, May 19, 2009 07:42 Local Time GMT
Confidence among U.S. homebuilders in May increased to the highest level since September, providing further evidence that the housing slump that started in 2006 may be closer to a floor.
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