The $125 billion infusion in exchange for preferred shares is part of a $700 billion bailout approved on October 3 by Congress. The largest recipients are: Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs. The U.S. Treasury Secretary Henry Paulson told banks they must deploy this money — not hold it. The IMF estimated that banks around the world would need $675 billion in fresh capital over the next several years to recover. This follows a pattern set by European governments to loosen credit markets by helping troubled banks.”]
Source: https://www.cuinfosecurity.com/treasury-rescue-plan-top-banks-to-get-top-dollars-a-1002