The Bankwatch

Tracking the consumer evolution of financial services

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.

Written by Colin Henderson

May 21, 2009 at 00:17

Posted in US

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