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TARP Repayment Announcement on Tuesday

By Anonymous

From Bloomberg: U.S. Treasury Said to Plan Approving 10 Banks to Repay TARP

The Treasury is preparing to announce tomorrow it will let 10 banks buy back government shares, people familiar with the matter said, signaling confidence some of the largest U.S. lenders won?t again need a taxpayer rescue.

JPMorgan Chase & Co. is among those cleared to repay Troubled Asset Relief Program funds ... Goldman Sachs Group Inc., American Express Co. and State Street Corp. are also among those that have sold shares and debt unguaranteed by the government ...

Here is your handy table ...according to the Bloomberg article 10 of these stress tested banks will be approved to repay the TARP money (MetLife didn't take TARP money). I've noted the banks mentioned in various articles ... let the guessing games begin!

Name	TARP Amount	Comment
Bank of America	$52.5 billion	No way!
Citigroup	$50 billion	No way!
JPMorgan Chase	$25 billion	Mentioned
Wells Fargo	$25 billion	Unlikely
GMAC	$12.5 billion	No way!
Goldman Sachs	$10 billion	Mentioned
Morgan Stanley	$10 billion	Mentioned
PNC Financial Services	$7.6 billion	-
U.S. Bancorp	$6.6 billion	Mentioned
SunTrust	$4.9 billion	-
Capital One Financial Corp.	$3.6 billion	-
Regions Financial Corp.	$3.5 billion	-
Fifth Third Bancorp	$3.4 billion	-
American Express	$3.4 billion	Mentioned
BB&T	$3.1 billion	Mentioned
Bank of New York Mellon	$3 billion	Mentioned
KeyCorp	$2.5 billion	-
State Street	$2 billion	Mentioned
MetLife	None	-

Bailout amounts from Pro Publica : Eye on the Bailout

Full post as published by Calculated Risk on June 08, 2009 (boomark / email).