Wall Street, "re-energized" fame and fortune to help TARP

U.S. Treasury Department on Dec. 22 said in a statement received the day's six banks to repay 2.66 billion Troubled Asset Relief Program (TARP) aid. Thus TARP $ 234,000,000,000 has been successfully recovered funds, about the size of a pension 60% of total expenditure. Not only that, TARP harvested so far, including dividends, interest and other income, including income of 350 billion investment. According to the forecast, TARP final expenditures may not exceed 250 billion U.S. dollars.

Prior to the controversial TARP has become an U.S. Treasury is now a major highlight of the work. Analysts believe that, thanks to assistance received during the financial crisis on Wall Street rebound performance of large financial institutions, earlier than anticipated to repay the aid. In addition, some financial institutions share price rebounded sharply since last year also made a large number of shares held by the U.S. Treasury a sum of hard earned.

22 U.S. Treasury Department, said the financial crisis, the six banks receiving TARP rescue the day of the return by 26.6 billion bailout fund, while the payment of dividends $ 13,700,000. The six banks are Huntington Bank, First Horizon National Bank, won the letter of financial companies, Sasikuiha that banks, finance companies and the Kentucky Heritage Bank.

Ministry of Finance said the six banks move to repay assistance payments from the difficulties that these banks have come out strong enough to start their own decisions.

In fact, this is only competing for the U.S. banking industry out TARP tip of the iceberg. Earlier this month, the U.S. Treasury Department cleared the common shares held by Citigroup, the latter not only aid the full recovery of gold, and Citigroup shares rose sharply with successful profit nearly 70 billion dollars. Citigroup also took the opportunity to further the goal to completely withdraw from TARP.

Not only the United States, in December last year had paid off 45 billion U.S. dollars of U.S. aid payments also recently announced the successful banks to raise 30 billion dollars to meet the regulators from the TARP established by the final conditions, is going to fully get rid of government control.

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