$68 billion in bailout funds is repaid by 10 major banks
Ten big banks made good Wednesday on their promises to repay $68 billion in government capital received under the Troubled Asset Relief Program.
JPMorgan Chase & Co. said it paid the Treasury $25 billion, Morgan Stanley returned $10 billion, Goldman Sachs Group Inc. repaid $10 billion, U.S. Bancorp returned $6.6 billion, Capital One Financial Corp. gave back $3.6 billion, and American Express Co. sent back $3.4 billion.
The other banks returning the federal money were BB&T; Corp., Bank of New York Mellon Corp., Northern Trust Corp. and State Street Corp.
Regulators gave the 10 banks permission last week to repay the funds in full.
The Treasury still has about $129 billion invested in about 580 financial institutions, according to a tally by bank research firm Keefe Bruyette & Woods.
