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Wells and Citi Repay $45bn in TARP Dollars

By JON PRIOR

Wells Fargo (WFC: 27.09 +0.89%) and Citigroup (C: 3.35 +1.82%) repaid $45bn in Troubled Asset Relief Program (TARP) investments to the US Treasury Department, pushing the total amount of repayments to $164bn. The Treasury received $25bn from Wells under the Capital Purchase Program (CPP), which provides capital to financial institutions since its creation in October 2008. [...]

Full post as published by Housing Wire on December 23, 2009 (boomark / email).