5/21/2009

Bank of America is looking to accelerate efforts to raise capital so it can repay the $45 billion it received through the Troubled Asset Relief Program by the end of the year. Most analysts expected the bank to be one of the last to repay the taxpayer money as it received a large amount and was found to have the largest capital shortfall through the government's stress tests. However, the government will decide when and how banks will be allowed to pay the money back.

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