Goldman Sachs said it plans to repay $10bn of funds received from the US government’s TARP bank recapitalisation scheme possibly by late April, after the US Treasury completes the first round of its new “stress tests” for banks. Some smaller banks have already signalled plans to repay TARP money, citing concern over changes in terms of the scheme and compensation restrictions. Marin Bancorp, IberiaBank, Signature Bank, Sun Bancorp and TCF Financial have all applied to repay a combined $689m of TARP funds.

This entry was posted by Gwen Robinson on Wednesday, March 25th, 2009 at 4:31 and is filed under Capital markets. Tagged with goldman sachs. Edit this entry.