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Empresas y finanzas

Treasury, Fed to meet on financial initiative


    WASHINGTON (Reuters) - The U.S. Treasury and Federal Reserve are meeting on Monday with "leading financial market participants" to finalize details on a market stabilization initiative, a Treasury spokeswoman said.

    The confirmation of the meeting comes as several European countries have announced initiatives to recapitalize banks and guarantee interbank lending. The Treasury and Fed could announce a similar initiative as early as Tuesday.

    The Wall Street Journal reported that U.S. Treasury Secretary Henry Paulson had called a meeting with top bank chiefs for 3 p.m..

    (Reporting by David Lawder; Editing by Tom Hals)