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The department said the institutions, whic h were not named, have met the requirementsz for repayment established by federalbanking supervisors. It noted that many banks recently have raised equity capitapl from private investors and haveissued long-term debt that is not guaranteef by the government. “These repayments are an encouraging sign offinancialk repair, but we still have work to do,” Treasury Secretary Tim Geithner said. Some media reports listecd one ortwo banks. The Wall Streey Journal reported the list of financial institutions willinclude JPM), (NYSE: AXP), (NYSE: BK), COF) and (NYSE: GS).
More than 600 bankw received a total ofnearly $200 billio n through the department’s Capital Purchase About $2 billion of this money was paid back Some banks have been raising fundss after the stress tests revealed they needed to boosgt reserves, including some Dayton-area banks. The in earlu May released the results from its stress The regulatory tests were designed to project howthe country’es 19 largest banks would perform underr a variety of economic scenarios by the end of 2010. • -- $33.9 billion . -- No need • The • -- $5.5 billion • -- $1.1 billion -- $11.5 billion • • • -- $1.
8 billiobn •
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