TITLE

$5B Pru Debt May Slow Wells' Tarp Exit

PUB. DATE
December 2009
SOURCE
American Banker;12/10/2009, Vol. 174 Issue 220, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the desire of Wells Fargo & Co. to repay the U.S. government the bailout funds it received under the U.S. Troubled Asset Relief Program. The author notes that Wells Fargo continues to hold $5 billion in debt as of December 2009 which it owes to Prudential Financial Inc., thus hindering the ability of the company to repay the bailout funds without potentially harming shareholder interests.
ACCESSION #
45728513

 

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