Regional banks said throughout the week that they are considering or will apply to receive direct equity investments from the federal government under its recently passed $750 billion bailout plan.
The plan is aimed at providing relief in the ongoing credit crisis, which has nearly shut down lending among banks and severely reduced the ability for consumers to receive loans. The bailout could also provide relief for struggling regional banks that have been forced to reserve increasing amounts of cash to cover loan losses.
Rising loan losses and the resulting reserves to cover losses have put a dent in regional banks' earnings and led to sharp declines in …
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