TARP Repayments Mean Huge Fees For Bailed-Out Banks: Andrew Ross Sorkin

Here’s what the post-bailout bonanza means for all the banks that helped find investors for the new shares: Bank of America’s $19.3 billion offering generated $482 million in fees; Citigroup’s $17 billion offering resulted in $425 million in fees; and Wells Fargo’s $12.2 billion offering led to $275.6 million in fees. (The banks paid themselves roughly 2.5 percent of the offering price.)

Read more: Tarp, Treasury Department, Bailout, Troubled Asset Relief Program, Wells Fargo, Bank of America, Banks, Bank Stocks, TARP Repayment, Citigroup, Business News

CategoriesUS

Leave a Reply