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WASHINGTON, USA - THE US Treasury said on Monday it had injected US$33.56 billion (S$51.1 billion) into 21 additional banks as part of a financial rescue aimed at recapitalising the financial sector.
The government previously had infused US$125 billion into nine major commercial banks as part of a US$700 billion rescue plan approved by Congress.
Officials have pledged to commit US$250 billion to bank recapitalisation under the plan.
In the latest action, US Bancorp received US$6.6 billion in the largest injection, followed by US$3.55 billion for Capital One and US$3.5 billion for SunTrust.
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