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6 banks pay back TARP funds

6 banks pay back TARP funds

Six banks have repurchased investments the government made under its taxpayer-funded financial rescue program, paying a total of $626 million including dividends, the Treasury Department said Wednesday.
With the latest payments, repayments by financial institutions under the Troubled Asset Relief Program now total $235 billion, with an additional $35 billion in income from dividends, interest, and the sale of other securities. The Treasury Department released a total $389 billion under TARP, created at the height of the financial crisis in October 2008.


Updated : 2021-04-13 04:18 GMT+08:00