Mounting rescue terms make banks keen to return money

03/11/2009 | NYTimes.com

Lawmakers and the Obama administration are putting more strings on the taxpayer money that went to financial institutions. The banks have been told to modify mortgages, to allow shareholders a say on executive compensation and to cut dividends, among other requirements. Bankers, including those at Goldman Sachs, Wells Fargo and Iberia Bank of Lafayette, La., say the mounting conditions are making them strive to repay the rescue funds as soon as possible.

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