List of 10 banks that got Treasury approval to pay back their bailout money
By APTuesday, June 9, 2009
List of 10 banks that will repay bailout money
The Treasury has given 10 banks permission pay back a total of $68 billion in government bailout money. The banks include the eight recipients of bailout money that passed regulators’ stress test last month, plus the investment bank Morgan Stanley and Chicago-based custody bank Northern Trust Corp.
Here are the institutions that will soon give back their bailout money, and how much they originally received last fall. All said they will pay back the money in full.
1. JPMorgan Chase & Co. — $25 billion
2. Goldman Sachs Group Inc. — $10 billion
3. Morgan Stanley — $10 billion
4. U.S. Bancorp — $6.6 billion
5. Capital One Financial — $3.6 billion
6. American Express Co. — $3.4 billion
7. BB&T Corp. — $3.1 billion
8. Bank of New York Mellon Corp. — $3 billion
9. State Street Corp. — $2 billion
10. Northern Trust Corp. — $1.6 billion
Tags: Chase, Us-bank-repayments-glance