Bank Of America To Price Huge Share Offering Tonight

Bank of America will price a huge common share offering tonight, in its bid to raise capital and repay TARP ASAP, CNBC reports.

Earlier today, Bank of America made this statement in a press release:

Bank of America today announced that it will repay U.S. taxpayers their entire $45 billion investment provided under the Troubled Asset Relief Program (TARP). The repayment will be made after the completion of a securities offering.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.