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Article: E*TRADE FINANCIAL Comments on Capital Protection Program.
- Article from:
- Business Wire
- Article date:
- November 7, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today provided an update concerning its application to receive funding pursuant to the U.S. Treasury's TARP Capital Purchase Program. The Company confirmed that it filed its application to receive $800 million of funding. It is currently being reviewed by the Office of Thrift Supervision, the Company's primary regulator.
"We remain optimistic that we will receive approval and expect to make an announcement this month," said Donald H. Layton, Chairman and CEO, E*TRADE FINANCIAL Corporation.
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provides financial services ...