Wells Fargo to Repay Tarp

Hopkins, Cheyenne
December 2009
Mergers & Acquisitions Report;12/21/2009, Vol. 22 Issue 51, p7
This article reports on the decision of Wells Fargo to repay the 25 billion U.S. dollars it received from the Troubled Asset Relief Program (TARP) of the U.S. government. John Stumpf, president and chief executive officer (CEO) of Wells Fargo, attributed the decision of the bank to confidence in financial markets around the world. The bank expects to reduce income available to common shareholders in the fourth quarter of 2009 as a result of the repayment.


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