Debate Over Banks Repaying Bailout Money Early

Quicklink submitted by Margaret Bassett     Permalink
Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (30 fans)
Wells Fargo & Co. may be looking to pay back the $25 billion in federal bailout money it received last fall ahead of schedule, as the rules imposed on financial institutions that accepted funds turn increasingly austere, industry analysts say. Chief Executive Officer John Stumpf signaled the possibility last week, when the San Francisco bank announced it was cutting its common stock dividend by 85 percent.

Read the rest of the story HERE:

At www.sfgate.com

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments