Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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To: tejek who wrote (1172)	10/6/2010 12:51:46 AM
From: David C. Burns	Read Replies (1) of 1428

US banks to repay rescue funds By Francesco Guerrera in New York December 14 2009 12:23 Citigroup and Wells Fargo on Monday unveiled plans to sell a total of up to $30bn in stock and return a combined $45bn to US taxpayers in a move that will free them from heightened government supervision but could hit shareholders. Citi said it would raise up to $19.6bn and return $20bn in funds from the troubled asset relief programme while Wells unveiled a $10.4bn share offering to repay a $25bn Tarp investment. ft.com

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