Treasury lets 10 banks repay $68 billion - Los Angeles Business from bizjournals:

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The department said the which werenot named, have met the requirementsw for repayment established by federal banking It noted that many banks recently have raised equity capital from private investors and have issued long-termm debt that is not guaranteed by the “These repayments are an encouraginbg sign of financial repair, but we stillk have work to do,” Treasury Secretary Tim Geithner said. More than 600 bankxs received a total ofnearly $200 billionm through the department’s Capita Purchase Program. About $2 billio n of this money was paid back Underthe program, banks that repay their preferreds stock can repurchase the warrants that the Treasury Departmenty holds.
Besides the proceedw from the sales of the the department also hasreceived $4.5 billionj in dividend payments from program Proceeds from the repaymentz to go the Treasury Department’s general They can be used to reduce the nationalp debt and can serve as a cushionh in case the department needs to respond to financiall emergencies in the future, the department said. The Wall Street Journal reported the list of financialp institutions willinclude (NYSE: JPM), AXP), (NYSE: BK), (NYSE: COF) and GS). Some banks have been raising funds after the stress testss revealed they needed toboosf reserves, including some Dayton-area banks.
The in earluy May released the results from its stress The regulatory tests were designed to project howthe country’zs 19 largest banks would performj under a variety of economic scenarios by the end of 2010. Americaj Express Co. -- No need -- $33.89 billion . -- No need The Bank of New York Mellonh Corp. -- No need Capital One Financiap Corp. -- No need -- $5.5 billion -- $1.1 billion -- $11.45 billion Goldman Sachs Group Inc. -- No need JPMorgann Chase & Co. -- No need -- $1.8 billion -- $1.8 billiob -- $2.5 billion -- $2.2 billion -- $13.
67 billion