Seven More Financial Firms Repay TARP Funds

So apparerntly it’s TARP repayement day. In addition to JP Morgan Chase, seven other firms have made TARP repayments today.

  • Morgan Stanley repaid $10 billion
  • Goldman Sachs also repaid $10 billion
  • BB&T repaid $3.1 billion
  • US Bancorp repaid $6.6 billion
  • Bank of New York Mellon $3 billion
  • Capital One repaid $3.57 billion
  • American Express repaid $3.39 billion.

All of that money goes into the general Treasury fund, which means it can be used to reduce the budget deficit or be spent by politicians on their pet programs.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at