Treasury Bought $125B in Bank Stocks

On Tuesday the United States Treasury department purchased $125 billion of bank stocks becoming one of the largest stockholders in the world instantly.

$25 billion was invested in Citigroup, JPMorgan Chase and Wells Fargo.

$15 billion was invested in Bank of America and $10 billion in Merrill Lynch (which is being acquired by Bank of America).

$10 billion was invested in Goldman Sachs and Morgan Stanley. And the treasury department invested $3 billion in Bank of New York Mellon $2 billion in State Street.

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