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US Treasuries

The Wall Street Journal reports that just two days after announcing plans to sell as much as $5 billion in shares of Citigroup, the U.S Treasury Department has canceled the sale.

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This has been done due to the low prices that would have caused the agency to lose money.

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US Treasury Received $936M for JPMorgan Warrants

by R. MAK.December 11, 2009 Finance

$936.1 million has been received by the Treasury Department in the sale of warrants it had received from JPMorgan Chase & Co. as part of the support that has been provided by the bank during last year’s financial crisis.

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Most U.S. Stocks Rise as Bank Rally Tempers Economy Concern

by R. MAK.July 9, 2009 Business

As an analyst upgrade of Goldman Sachs Group Inc. spurred a rally in financial shares, most U.S. stocks gained, tempering a drop in drugmakers and it has been concerned that the economy will require more government stimulus to end the recession.

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