Bailout Payback: Wells Fargo, Citigroup Repay $45 Billion In TARP Funds

SAN FRANCISCO — Wells Fargo plans to sell $10.4 billion in new stock to help repay all $25 billion in bailout aid it received from the government at the height of the market meltdown last fall.

The announcement Monday from the San Francisco-based bank comes hours after Citigroup Inc. said it would repay $20 billion worth of taxpayer funds.

Read more: Tarp, Bailout, Bank Bailout, Wells Fargo, Citi, Citigroup, Banks, Payment, TARP Repayment, Repayment, Business News


Leave a Reply