JPMorgan, AmEx plan to sell shares to repay TARP funds:

JPMorgan Chase, which received $25 billion through the government's Troubled Asset Relief Program, is working to raise $5 billion by selling ordinary shares. Meanwhile, American Express is looking to sell $500 million in common stock as it aims to repay the $3.4 billion it received through TARP. The moves follow an announcement by the Federal Reserve that banks need to demonstrate their ability to tap public equity markets and issue debt without state backing.

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