Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Three Banks Announce Plans Stock Offerings to Repay TARP Funds

New York Times DealBook: “Three United States banks, apparently emboldened by the clean bills of health they received under the federal stress tests, announced plans Monday to pay down the government’s investments under the TARP program by selling billions of dollars in new stock. The announcements came from Capital One Financial, US Bancorp and BB&T Corporation, each of which were found not to need additional capital under the examinations of 19 large financial institutions, whose results were made public last week.”

Sorry, comments are closed for this post.