from NYT:
With the wiring of nearly $10 billion to the United States Treasury, U.S. Bancorp and BB&T on Wednesday became the first large financial institutions to announce that they have repaid the government in full for the preferred shares it bought last fall under the federal bailout program.U.S. Bancorp, based in Minneapolis, said Wednesday morning it redeemed $6.6 billion in preferred stock from the Treasury. BB&T, based in Winston Salem, N.C., said that it had bought back the preferred shares for $3.1 billion plus a final dividend payment of about $13.9 million.
Later in the day, JPMorgan Chase and Morgan Stanley also announced the return of their federal aid, signaling that the nation’s top bankers are regaining their confidence after the financial crisis that shook Wall Street last fall.
Now, if the Treasury will just repay the taxpayers!
