Banks strive to extricate themselves from TARP

03/9/2009 | MarketWatch

On Friday, Wells Fargo decided to drop its dividend. The move may help the bank repay the government the $25 billion it received through the government's Troubled Asset Relief Program. Several months ago, the Treasury invested billions in the nine largest banks in the U.S. "Back in October, receiving TARP capital was viewed as an implicit seal of approval from the government and regulators. Now it's viewed as negative," said David George, a bank analyst with Robert W. Baird & Co.

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