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STT Spdr Msci Europe Communication Services Ucits Etf

65.02
-0.06 (-0.09%)
Last Updated: 16:07:35
Delayed by 15 minutes
Name Symbol Market Type
Spdr Msci Europe Communication Services Ucits Etf EU:STT Euronext Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.06 -0.09% 65.02 64.86 64.95 65.02 64.84 64.84 15 16:07:35

US Sen Levin Will Release TARP Contracts

13/01/2009 11:43pm

Dow Jones News


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An investigative committee headed by Sen. Carl Levin, D-Mich., will publicly release contracts governing federal investments in several large financial institutions, a spokeswoman for the senator said Tuesday.

The senator intends to release the documents, consistent with Senate rules, after reviewing them for proprietary information, spokeswoman Tara Andringa said.

Levin's office said earlier that the documents wouldn't be released to the public.

Under threat of a subpoena, the U.S. Treasury Department has agreed to provide Levin with contracts related to government investments in American International Group Inc. (AIG), Bank of America Corp. (BAC), Bank of New York Mellon Corp. (BK), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Merrill Lynch, Morgan Stanley (MS), State Street Corp. (STT) and Wells Fargo & Co. (WFC).

Levin is chair of the Permanent Senate Subcommittee on Investigations, which investigates federal government activities.

Levin's office expects the contracts, related to capital injections made under the controversial $700 billion Troubled Asset Relief Program, will be delivered this week.

The U.S. Treasury has so far provided a combined $185 billion in capital to the institutions.

-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.

 
 

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