Bailout

Report: BofA Wants to Repay TARP in 2009

By Anonymous

Bank of America wants to pay back $45bn in bail-out funds by the end of the year, in a faster-than-expected move made possible by an accelerated programme to raise capital.

BofA is on track to raise more than $35bn in capital by the end of September...

People familiar with the bank?s plans say negotiations to sell some of BofA?s non-core assets are under way and, if the asset sales occur in the next few months, the bank will be able to fulfil its stress-test obligations and pay back Tarp funds from its $173bn cash reserves.

Plenty of info today:

Residential Rental Market and Inflation

best to all.

Full post as published by Calculated Risk on May 21, 2009 (boomark / email).

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