News says three banks, such as Goldman Sachs, have applied to repay rescue money
Source: Internet
Author: User
KeywordsBank loan
Beijing time, May 19 morning news, according to foreign media reports, people familiar with the matter today, Goldman Sachs, JPMorgan Chase and Morgan Stanley have applied to repay last October, received a total of $45 billion trillion of troubled Asset Relief Plan (hereinafter referred to as "TARP") rescue loans. People close to the situation said the three banks needed to be approved by the Federal Reserve to repay tarp loans. A spokesman for the three banks and a New York Fed spokeswoman declined to comment on the news. If the application is approved, it will be the largest repayment since the US Congress set up a 700 billion dollar tarp last year. The US government announced in February that banks receiving tarp needed to be restricted in terms of pay and hiring. The big banks want to repay the bailout loan in advance to get out of bondage. "It really is a way for them to get out of bondage and to attract customers, talent and money," said Peter Sorrentino, senior portfolio manager at Huntington Asset Advisors, an asset management firm. "In the middle of October last year, Henry Paulson, the former US Treasury secretary, persuaded 9 banks, such as Goldman Sachs, JPMorgan Chase and Morgan Stanley, to accept the first 125 billion dollar capital injections from tarp to help restore stability in financial markets," Paulson. Building)
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