Treasury Provides $15 billion in TARP Funds to Local Banks. PNC Financial Services Group, Inc. received the most on Monday with a $7.6 billion investment. Treasury has invested $187.5 billion into 215, banks getting preferred stock and warrants from participating institutions. Cigna, a Philadelphia, PA-based health benefits company, will cut 1,100 jobs, or 4 percent of its workforce, to save $40 million. The Institute for Supply Management will issue its December report on the services sector on Tuesday.”]
Source: https://www.cuinfosecurity.com/treasury-provides-15-billion-in-tarp-funds-to-local-banks-a-1147