These 10 Banks Will Repay TARP

Tuesday, June 9, 2009 10:22
Posted in category AXP, BAC, Bailout, C, COF, GS, JPM, MS, PNC, WFC
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The US government issued approval for 10 of the nations largest banks to pay back the TARP money.  The banks are:
tarp
Morgan Stanley,
American Express
Goldman Sachs
JPMorgan Chase
State Street
Bank of New York
BB&T
Northern Trust
US Bancorp
Capital One

Absent from the list are the 2 biggest US banks – Citigroup and Bank of America. Wells Fargo has not received approval either.  The announcement comes weeks after the largest banks raised nearly $75 billion mostly be selling common stock to investors.

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  3. Who got AIG’s bailout money?
  4. Citi in Talks With Government
  5. Bank Stress Test: A Chartist’s Perspective

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