Morning Brief: CapitalSource Eyes Treasury $$$'s
CapitalSource of Chevy Chase is taking steps to become a bank holding company and be eligible for federal funds under the Treasury Department's rescue plan.
The firm acquired the assets of a troubled California community bank in July. That deal provided the commercial lender with a well of deposits in a harsh credit environment. It now could also help the bank tap Treasury funds if the firm is able to make the transition to a bank holding company.
Newspapers suddenly became en vogue again, at least for a moment, following the historic election of Barrack Obama on Tuesday. The Washington Post sold out of newspapers reporting the election of the nation's first black president by 11 a.m. on Wednesday.
The paper printed an additional 350,000 commemorative edition copies and people waited in a long line outside the media company's downtown headquarters to buy the memento. The scene played out similarly across the country at various newspapers.
Please email us to report offensive comments.
The comments to this entry are closed.