FACTBOX: Banks announce cash infusions
(Reuters) - More and more U.S. banks are signing 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 were the first to join the program and will receive the first $125 billion of capital infusions:
Bank of America (BAC.N)/Merrill Lynch MER.N $25 billion
Citigroup (C.N) $25 billion
JPMorgan Chase & Co (JPM.N) $25 billion
Wells Fargo & Co (WFC.N) $25 billion
Morgan Stanley (MS.N) $10 billion
Goldman Sachs Group (GS.N) $10 billion
Bank of New York Mellon Corp (BK.N) $3 billion
State Street Corp (STT.N) $2 billion
Total $125 billion
Since October 24, the following banks have said they will take part in the program:
PNC Financial Services Group Inc (PNC.N) $7.7 billion
Capital One Financial Corp (COF.N) $3.55 billion
Regions Financial Corp (RF.N) $3.5 billion Continued...




