10 Banks to Repay $68B in Bailout Money- With Interest

10 Banks to Repay $68B in Bailout Money- With Interest

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chase-bank.jpg Ten of the nation’s largest banks are set to return more than 34 percent of the TARP bail-out loans including  $1.8 billion in interest.

The financial institutions, J.P. Morgan Chase, Goldman Sachs and Capital One, American Express and Morgan-Stanley among them, will pay back $68 billion of the $199 billion in taxpayer money, beginning as early as next week.

The decision is a milestone for the Obama administration’s financial rescue plan, reflecting new confidence that some large banks have returned to stable profitability.

(Read More in the Washington Post)

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