We reported earlier that 19 banks were OK'd by the Treasury to pay back the TARP funds that were injected in to them during the first round of the bailout. According to the naked capitalism here are the banks that passed stress tests and will get to pay their TARP funds back:
The institutions are the following:
Passed the stress tests: JPMorgan Chase & Co., American Express Co., Goldman Sachs Group Inc., U.S. Bancorp, Capital One Financial Corp., Bank of New York Mellon Corp., State Street Corp. and BB&T Corp.
Failed the stress tests: Morgan Stanley
Was not subject to stress tests: Northern Trust
Bank of America and Citi have been told to bolster their reserves after failing to meet the Treasury's standard. That leaves Wells Fargo, who was nowhere to be found on this
Read...Related Headlines
- Wells Fargo Whacks Brokers Again on Jumbo Loansposted 238 weeks ago on Blown Mortgage
- Top Mortgage Lenders for 3rd Quarter 2007posted 239 weeks ago on Blown Mortgage
- Wells Fargo Names Orange County and LA as Distressed Marketsposted 237 weeks ago on Blown Mortgage
- Sources: Wells Fargo to Eliminate 100% Financingposted 247 weeks ago on Blown Mortgage
- Want to Know More About Me?posted 239 weeks ago on Blown Mortgage
- Mortgage Market Minute 2/26/08posted 221 weeks ago on Blown Mortgage
- Off for a few daysposted 205 weeks ago on Blown Mortgage
- The Fed cut rates by .25%posted 232 weeks ago on Blown Mortgage
- PSA: Traveling Todayposted 244 weeks ago on Blown Mortgage
- The Fedposted 226 weeks ago on Blown Mortgage