Citigroup, Wells Fargo take steps to exit TARP, sources say

Wells Fargo and Citigroup are negotiating with Treasury officials about how much capital they must raise to leave the Troubled Asset Relief Program, sources said. The banks are eager to exit the program after a recent announcement that Bank of America was cleared to repay the $45 billion it received through TARP. BofA sold more than $19 billion in stock to exit the program, and Citigroup and Wells Fargo are looking to take a similar path.

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