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Banks Planning Repayment of Some TARP Capital

By DIANA GOLOBAY

[Update 1 reflects statements from Northern Trust to Congress.] Financial Services Committee chairman Barney Frank, D-Mass., told reporters Thursday that two major financial institutions were planning to return a combined $8.2 billion in TARP capital to the Treasury Department. Northern Trust Corp. (NTRS: 47.38 -2.03%) and U.S. Bancorp (USB: 8.82 -2.11%) are reported to be planning [...]

Full post as published by Housing Wire on March 06, 2009 (boomark / email).