WASHINGTON (Reuters) - The Treasury said on Friday said it will consider financial institution rescues and asset guarantees similar to those it provided Citigroup on a case-by-case basis.
In program guidelines required under financial bailout legislation, the Treasury said it will consider targeted investments and asset guarantees for "systemically significant" financial institutions whose destabilization could cause a major loss of confidence that disrupts markets and weakens the economy.
The Treasury agreed on November 23 to invest another $20 billion in Citigroup preferred stock and help guarantee up to $306 billion in risky assets held by the bank in an effort to contain a widening financial crisis.
(Reporting by David Lawder; Editing by Dan Grebler)
