We 'regret' having to buy bank stakes - Paulson

Part of its overall $700bn bank bail-out rescue, the US Government this afternoon confirmed it will implement a $250bn bank re-capitalisation package, along with significant bank debt and business deposit guarantees. Nine large banks have already singed up to the program, which is also available for smaller institutions and thrifts (building societies). The minimum subscription amount available to a participating institution is 1% of risk-weighted assets, while the maximum amount is the lesser of $25bn or 3% of risk-weighted assets. Paulson says the US Government does “regret” having ...