Bank of America has told U.S. regulators that it has met the final condition that was set on its plan to exit the government’s Troubled Asset Relief Program. BofA, which repaid $45 billion in TARP funds in December 2009, needed to raise $3 billion in capital by the end of 2010.
Continue reading Bank of America Says It’s Ready to Exit TARP
Bank of America Says It’s Ready to Exit TARP originally appeared on DailyFinance on Mon, 06 Dec 2010 09:49:00.
Filed Under: Company News, Bank of America