CHICAGO (WBBM) – Senate hopeful, and state treasurer Alexi Giannoulias is preparing to answer the tough questions surrounding his family’s failing bank, according to the man who is overseeing his campaign.
Just days before the February 2nd primary, news broke that the failing bank owned by the family of state treasurer Alexi Giannoulias had entered into an agreement with regulators to raise tens of millions of dollars in capital and to stop paying dividends to the family without prior approval.
Giannoulias has said very little about the situation, but Senator Dick Durbin who is chairing his senate campaign said Sunday he is preparing to talk about Broadway Bank.
The Chicago Tribune is quoting Demeterious Giannoulias, the bank’s chief executive, as saying the family must raise $85 million by the end of April to stave off government seizure.
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Distributed via Chicago Press Release Services