Debate Over Banks Repaying Bailout Money EarlyQuicklink submitted by Margaret Bassett Permalink
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|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.|
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