U.S. Treasury to Sell Warrants in SunTrust, Webster Financial

The U.S. Treasury Department said it will hold auctions to sell warrant positions in SunTrust Banks Inc. (STI) and Webster Financial Corp. (WBS)

The Treasury received the warrants for investments made as part of its Capital Purchase Program, the department said in a statement today. The warrants in Atlanta-based SunTrust and Waterbury, Connecticut-based Webster will be sold in public offerings over the next several weeks, according to the statement.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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