The Treasury will announce today that AllianceBernstein (AB), BlackRock (BLK) and Wellington...

|About: AllianceBernstein Holdi... (AB)|By:, SA News Editor

The Treasury will announce today that AllianceBernstein (AB), BlackRock (BLK) and Wellington Management have raised a combined $1.94B to participate in PPIP. For their efforts, the Treasury will match the $1.94B dollar for dollar, and provide debt financing to double that, bringing their total purchasing power to $7.74B.