Report: Up to 10 banks to repay TARP funds - Orlando Business Journal:

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The department said the institutions, which were not have met the requirements for repaymen t established by federalbanking supervisors. It noted that many banks recently have raised equity capital from private investords and haveissued long-term debt that is not guaranteeds by the government. “These repayments are an encouraginyg sign of financial but we still have work to Treasury Secretary TimGeithnerr said. Some media reports listed one ortwo banks. The Wall Stree t Journal reported the list of financial institutionsx willinclude (NYSE: (NYSE: AXP), (NYSE: BK), (NYSE: COF) and (NYSE: GS).
More than 600 bank s received a total ofnearly $200 billion throughg the department’s Capital Purchase Program. Aboutr $2 billion of this money was paid back Some banks have been raising funds after the streses tests revealed they needesd toboost reserves, including some Dayton-areas banks. The in early May released the resultz from itsstress test. The regulatory testd were designed to project howthe country’s 19 largest banks would perform under a variet of economic scenarios by the end of 2010. • -- $33.9 billionm • . -- No need The • • -- $5.5 billion -- $1.1 billion • -- $11.5 billion • • -- $1.
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