Pledging to pay back TARP funds swiftly

02/12/2009 | Bloomberg

Executives at JPMorgan Chase, Bank of America, Morgan Stanley and other banks that received taxpayer money through the Troubled Asset Relief Program say they are keen to repay the government as soon as possible. Kelly King, CEO of BB&T, told investors that his bank is striving to be the first to get out of the government program and escape restrictions. "We'd like nothing better than to pay it back early," said Bank of America CEO Ken Lewis.

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