U.S. Treasury Begins Sale of Preferred Stock in Six TARP Banks

The U.S. Treasury Department said today it is beginning the secondary public offerings of preferred stock in six banks it invested in during the financial crisis through the Troubled Asset Relief Program.

Treasury said the auction will start today and will close on March 28.

To contact the reporters on this story: Cheyenne Hopkins at Chopkins19@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.