14th Bank Returns TARP Money
On Friday, two more banks returned their TARP money: Alliance [1] of Syracuse, N.Y., ($26.9 million) and Texas Capital [2] of Dallas ($75 million). So far, 14 banks have returned a total of $1.3 billion, according to our running tally [3] of refunds. As we’ve noted before [4], the returns started coming in soon after Congress passed new restrictions on compensation for top employees at the banks. Full Story »
Posted by Derek Hawkins
