Pajudėjo: Bank Of America Repays $45 Billion
NEW YORK -(Dow Jones)- Bank of America Corp. (BAC) has paid back its $45 billion in TARP funds, marking an official end to the Charlotte bank's most chaotic chapter, in which it counted the U.S. government as a reluctant and hard-nosed investor.
"We owe taxpayers our thanks for making these funds available to the nation's financial system and to our company during a very difficult time," said outgoing Chief Executive Kenneth Lewis, in a statement.
The federal government first injected capital into Bank of America as part of its initial rescue of the entire financial system last year through the Troubled Asset Relief Program; subsequently, it rushed in again to save the bank as it started to crumble under its crisis-hour purchase of Wall Street titan Merrill Lynch & Co.
Lewis may be less grateful behind closed doors. The bank's final bill for the government's investment: About $2.7 billion in cash dividends, a difficult and enduring search for a new CEO, and an unquantifiable hit to its reputation.
Dabar klausimėlis: FED šitus grynuosius išims iš apyvartos (kaip buvo kalbama prieš suteikiant paramą, o iš esmės - paleidžians spausdinimo mašinėlę) ar tyliai dėl kokio motyvo paleis rinkose plaukioti toliau?
"We owe taxpayers our thanks for making these funds available to the nation's financial system and to our company during a very difficult time," said outgoing Chief Executive Kenneth Lewis, in a statement.
The federal government first injected capital into Bank of America as part of its initial rescue of the entire financial system last year through the Troubled Asset Relief Program; subsequently, it rushed in again to save the bank as it started to crumble under its crisis-hour purchase of Wall Street titan Merrill Lynch & Co.
Lewis may be less grateful behind closed doors. The bank's final bill for the government's investment: About $2.7 billion in cash dividends, a difficult and enduring search for a new CEO, and an unquantifiable hit to its reputation.
Dabar klausimėlis: FED šitus grynuosius išims iš apyvartos (kaip buvo kalbama prieš suteikiant paramą, o iš esmės - paleidžians spausdinimo mašinėlę) ar tyliai dėl kokio motyvo paleis rinkose plaukioti toliau?