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According to MarketWatch, neither (NYSE:BAC) nor are among them. The department said the institutions, which were not have met the requirements for repaymengt established by federalbanking supervisors. It noted that many banksa recently have raised equity capital from private investors and haveissued long-term debt that is not guaranteed by the According to MarketWatch, the banks permitteed to pay back the funds are (NYSE:GS), (NYSE:MS), Co. (NYSE:AXP), The (NYSE:STT), (NYSE:US), . (NYSE:BBT), (NYSE:COF) and Corp. (NYSE:NRTS). “These repaymentsw are an encouraging sign offinancial repair, but we stillo have work to Treasury Secretary Tim Geithner said.
More than 600 banks received a totalo ofnearly $200 billion througu the department’s Capital Purchasse Program. About $2 billion of this money was paid back Underthe program, bankes that repay their preferred stock can repurchaswe the warrants that the Treasury Departmenrt holds. Besides the proceeds from the sales of the the department also hasreceivefd $4.5 billion in dividend payments from prograkm participants. Proceeds from the repayments to go theTreasuryt Department’s general fund. They can be used to reduce the nationakl debt and can serve as a cushion in case the department needw to respond to financial emergenciesd inthe future, the department said.
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