Bank of America Corp. said Wednesday it plans to repay its $45 billion in government bailout funds in the next few days
The bank said it has paid $2.54 billion to the government so far in dividends on the TARP money. BofA said it is not yet exercising its right to repurchase warrants that the government received in return for the bailout money. Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.
Click on the following for more details: Business Journal | Bank of America to repay TARP, raise cash
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