Bank of America plan to repay TARP money
The scramble continues to get out of hock with the Government and Bank of America speak about repaying $45Bn by end of year. More power to them … this would be a good thing if they can pull it off.
BofA seeks to repay $45bn by end of year | FT
BofA is on track to raise more than $35bn in capital by the end of September, say people familiar with the matter, which it must do before paying back the $45bn bail-out money it received under the Troubled assets relief programme.
