Financial Regulatory Forum

US Treasury to net $936 million from JPMorgan warrants

By Reuters Staff
December 11, 2009

WASHINGTON, Dec 11 (Reuters) – The U.S. Treasury Department on Friday said it priced warrants in JPMorgan Chase & Co at $10.75 per warrant in a deal that will bring U.S. taxpayers net proceeds of $936.06 million.

US Treasury sold warrants below market value-panel

July 10, 2009

   By David Lawder
   WASHINGTON, July 10 (Reuters) – The U.S. Treasury Department allowed 11 smaller banks to repurchase stock warrants at only 66 percent of their market value, passing up about $10 million of taxpayer profits from government bailouts, a U.S. watchdog panel said on Friday.
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