The State Street Corporation paid $60 million to repurchase warrants held by the Treasury, becoming the first major financial firm to leave the government?s $700 billion rescue program. State Street, the world?s largest money manager for institutions, previously bought back $2 billion in preferred shares it received in October under the Troubled Asset Relief Program.
Tuesday, September 29, 2009
BUSINESS BRIEFING | COMPANIES: STATE STREET BUYS WARRANTS BACK FROM THE TREASURY
The State Street Corporation paid $60 million to repurchase warrants held by the Treasury, becoming the first major financial firm to leave the government?s $700 billion rescue program. State Street, the world?s largest money manager for institutions, previously bought back $2 billion in preferred shares it received in October under the Troubled Asset Relief Program.
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