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Treasury announces bank warrant auction
The Treasury Department says this week it will auction off warrants it received from Boston Private Financial Holdings Inc., the latest effort to recoup the costs of the $700 billion financial bailout. The sale of 2.89 million warrants from the Boston-based financial institution will take place on Tuesday with the results announced Wednesday, Treasury said. [...]
The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank’s unconventional efforts to lift the economy. The payment to the Treasury Department is the largest since the Fed began operating in 1914. It surpasses the previous record $47.4 billion paid in 2009, the [...]
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