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Politics : American Presidential Politics and foreign affairs

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From: DuckTapeSunroof	9/2/2009 4:36:33 AM
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Wells to Return $25 Billion To U.S. Without Stock Sale By DAN FITZPATRICK Wells Fargo & Co. Chief Executive John Stumpf said Tuesday the San Francisco bank intends to return $25 billion in federal bailout funds shortly without an additional stock sale, according to a company spokeswoman. The CEO made the comments in an interview with Bloomberg Television. Wells Fargo was among the nine biggest U.S. banks asked to take the first round of U.S. Treasury bailout money last fall. Of the original nine, only Wells Fargo, Bank of America Corp. and Citigroup have yet to pay it back.... online.wsj.com

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