Filed under: JPMorgan Chase (JPM), Recession, Financial Crisis
The Treasury Department made $146.5 million through the sale of Capital One Financial (COF) warrants. This was the first auction of warrants conducted by the government as part of the banking system bailout. The sale was conducted by Deutsche Bank (DB) and reached a sale price of $11.75 per warrant.
The warrants, which expire on November 14, 2018, give the holders the right to purchase a share of Capital One stock at $42.13. Almost 12.7 million warrants were given to the Treasury Department a little more than a year ago, when Capital One received $3.56 billion in bailout support.
Continue reading Capital One warrants help chip away TARP obligation
Capital One warrants help chip away TARP obligation originally appeared on BloggingStocks on Sun, 06 Dec 2009 15:40:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=2f789b316b4ebe49140c8e1d78d59844
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