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Archive Home > 2008 > October > 17 > Banks are likely to keep a tight grip on bailout money

Banks are likely to keep a tight grip on bailout money

By Louise Story and Eric Dash / The Bulletin
October 17, 2008

Even as the government moves to plug holes in the nation’s banks, new gaps keep appearing.

As two financial giants, Citigroup and Merrill Lynch, reported fresh multibillion-dollar losses on Thursday, the industry passed a grim milestone: All of the combined profits that major banks....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.