Banks to repay U.S.
In a sign that strains on the U.S. banking system are easing, the Obama administration will allow 10 banks to repay $68.3 billion granted them under the Troubled Asset Relief Program. The banks, including JPMorgan Chase and Goldman Sachs, received the loans at the height of last year’s financial crisis. Critics said that by allowing the banks to repay the money, the government loses the leverage to force changes in the way the banks operate.
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