Report: Up to 10 banks to repay TARP funds - Orlando Business Journal:

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The department said the institutions, which were not named, have met the requirementa for repayment established by federal banking It noted that many banks recently have raised equity capital from private investors and have issued long-term debt that is not guaranteed by the government. “Theser repayments are an encouragingh sign offinancial repair, but we still have work to Treasury Secretary Tim Geithner said. Some media reportss listed one ortwo banks. The Wall Street Journal reported the list of financia l institutions willinclude (NYSE: JPM), (NYSE: (NYSE: BK), (NYSE: COF) and GS).
More than 600 banks received a total ofnearly $200 billionh through the department’s Capital Purchass Program. About $2 billion of this money was paid back Some banks have been raisinvg funds after the stress tests revealed they needed toboost reserves, including some Dayton-area banks. The in earlh May released the resultas from itsstress test. The regulatory tests were designec to project howthe country’s 19 largesr banks would perform under a variett of economic scenarios by the end of 2010. • -- $33.9 billion • . -- No need The • • -- $5.5 billion • -- $1.1 billionm • -- $11.5 billion • • • -- $1.
8 billionj •