Bank of America - Bank of America announced it would repay the entire $45 billion it received in TARP and exit the program
Time: Wednesday Dec 2, 2009
Place: U.S.
Details: On December 2, 2009, Bank of America announced it would repay the entire $45 billion it received in TARP and exit the program, using $26.2 billion of excess liquidity along with $18.6 billion to be gained in "common equivalent securities" (Tier 1 capital). The bank announced it had completed the repayment on December 9.
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