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Four bank, including Morgan Stanley and JPMorgan, the U.S. returned the Ministry of Finance of $ 44.7 billion

Jun 22nd, 2009 | By admin | Category: Main News

U.S. banks Morgan Stanley and JPMorgan Chase returned to the Ministry of Finance of the U.S. funds provided to them earlier in the program Troubled Asset Relief Program (TARP), reports Bloomberg.

Morgan Stanley paid off debts of $ 10 billion, JPMorgan Chase - $ 25 billion

on disbursement of funds pledged to the bank US Bancorp ($ 6,6 billion) and BB T Corp. ($ 3.1 billion).

addition, JPMorgan, U.S. Bancorp and BB T notified the Ministry of Finance of the intention to purchase the warrants issued by them.

These four

Bank are among the ten U.S. financial companies have announced plans to repay debt owed to the Government that the Ministry of Finance approved last week.

Ministry of Finance of the U.S. acquired a number of preferred shares of financial companies, as well as the required warrants, which gave him the right to purchase shares of the bank on a price within 10 years.

debts began almost eight months after the former Minister of Finance, United States Henry Paulson has decided to allocate the first $ 125 billion of TARP, total an estimated $ 700 billion

Shares JPMorgan cheaper by 2%, BB T - on 1,9%, Morgan Stanley - to 2.1%, the value of securities US Bancorp rose by 6 cents.

the willingness to repay debt owed to the Government also said Goldman Sachs, American Express, Bank of New York Mellon, Capital One Financial Corp., Northern Trust Corp. and State Street Corp.

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