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.
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