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FACTBOX: Banks announce cash infusions
(Reuters) - Twenty U.S. banks have signed up for the
government's offer of a cash injection, in addition to the nine
that joined the program initially. The injections are a bid to
revive the sector, which has suffered since lending has dried
up and many loans have gone bad.
The U.S. Treasury Department plans to provide funds for 20
to 22 lenders in the current round of the $250 billion bank
recapitalization program.
Nine of the largest U.S. banks said they will receive the
first $125 billion of capital infusions two weeks ago:
Bank of America/Merrill Lynch $25 billion
Citigroup $25 billion
JPMorgan Chase & Co $25 billion
Wells Fargo & Co $25 billion
Morgan Stanley $10 billion
Goldman Sachs Group $10 billion
Bank of New York Mellon Corp $3 billion
State Street Corp $2 billion
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