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Ten Banks OK’d to Repay TARP Money
Posted on June 9th, 2009 No commentsTen U.S. banks will be allowed to repay up to $68 billion in TARP funds, the U.S. Treasury Department announced. Treasury did not name the 10 banks, but said they were being approved for early repayment of the federal bailout funds under the Troubled Asset Relief Program because the so-called stress tests performed by the government revealed they were healthy enough to pay back the money, the Business Journal of Milwaukee reported.
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Wis. Credit Unions Report Rough First Quarter
Posted on June 9th, 2009 No commentsWisconsin’s 247 credit unions lost $78.8 million in the first quarter, a loss attributed to their required $90.5 million payments to the National Credit Union Share Insurance Fund. Without those payments, they would have posted overall net income of nearly $11.7 million, according to a report from the Wisconsin Office of Credit Unions. Read the Milwaukee Journal Sentinel article.