Top banks that received TARP funds boost new loans by 13%

02/16/2010 | Bloomberg ·

The Treasury Department said loan origination by 11 banks that received money through the Troubled Asset Relief Program increased 13% in December compared with November. The Treasury also said the total loan balance dropped 1% during the month. Bank of America reported the most new loans at $64.6 billion, nearly a third of the total reported by the lenders surveyed. Read the report from the Treasury.

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