The US Treasury is preparing to announce Tuesday that it will allow 10 banks to buy back government shares, signalling confidence that some of the largest US lenders will not require further taxpayer rescue, reports Bloomberg. JPMorgan Chase is among those cleared to repay Tarp. Goldman Sachs, American Express and State Street are also likely to be among the 10.

This entry was posted by Gwen Robinson on Tuesday, June 9th, 2009 at 4:40 and is filed under Capital markets. Tagged with amex, goldman sachs, jpmorgan, state street. Edit this entry.