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

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The department said the institutions, whichh were not named, have met the requirement s for repayment established by federal banking It noted that many banks recentl y have raised equity capital from privatwe investors and haveissued long-term debt that is not guaranteeed by the government. “These repayments are an encouraginh sign of financial but we still have workto do,” Treasury Secretary Tim Geithner said. Some media reports listed one or two The Wall Street Journal reported the list of financial institutions willinclude (NYSE: JPM), AXP), (NYSE: BK), (NYSE: COF) and GS).
More than 600 banks received a total ofnearly $200 billion through the department’s Capitakl Purchase Program. About $2 billion of this money was paid back Some banks have been raisinhg funds after the stress tests revealed they needeed toboost reserves, including some Dayton-area The in early May released the results from its stresas test. The regulatory tests were designec to project howthe country’s 19 largesgt banks would perform under a variety of economic scenarioe by the end of 2010. • -- $33.9 billion • . -- No need The • • -- $5.5 billion • -- $1.1 billio n • -- $11.5 billion • • -- $1.
8 billiojn •