Thursday, November 18, 2010

U.S. Bank returns TARP money - Kansas City Business Journal:

http://www.gsoares.org/article/Roasted-Beef-in-a-Slow-Cooker.html
billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its plansw to redeem the preferred stock issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasuryg it intends to repurchasethe 10-year warrant it had issuede along with the preferred stock. “The redemptionh allows our company to return to operating from a position of both independent strengthb andstrategic flexibility,” said Richard the company’s president, CEO and chairman, in a The Treasury in May announcee that U.S.
Bank whicj showed it would be able to ride out the economicf downturn without having to raisemore capital. Davizs has of the government’s capital purchase program. In February he caller the program “lousy” and said the banking industryh was pressured to participate inthe program.

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