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The Treasury Department plans to auction nearly $118 million of shares in six lenders as it continues to wind down the Troubled Asset Relief Program.
September 12 -
Despite better-than-expected returns so far, industry observers believe that the Treasury Department will take larger haircuts at is unloads less desirable stakes in banks.
August 21 -
The Treasury Department plans to auction its remaining stakes in 16 banks as it continues to unwind its holdings from the Troubled Asset Relief Program.
May 30
The Treasury Department will receive $91 million from its latest auction.
The agency announced
The auction includes a few steep discounts. Because the Treasury failed to receive sufficient bids above the minimum price for Centrue's shares, the government will keep about 23% of its holdings in the company.
The sales are expected to close around Sept. 25.
