Geithner: Bailout repayments from big banks will reopen program to smaller, community banks

WASHINGTON — The Obama administration will use bailout money repaid by large banks to provide additional capital infusions to community banks, Treasury Secretary Timothy Geithner said Wednesday.

Treasury provides $45.5 million to 7 new banks as part of $700 billion financial rescue

WASHINGTON — The Treasury Department said Tuesday seven more banks have been approved to participate in the government’s $700 billion rescue effort, and that a Colorado mortgage company was chosen to participate in a foreclosure mitigation program.

Treasury says more than 100 applications from firms seeking to manage toxic securities program

WASHINGTON — The Treasury Department on Wednesday said that more than 100 applications have been received from firms seeking to manage the government program to help purchase toxic securities from banks.