The US Treasury has so far made more than $10bn on banks’ repayments of bail-out funds, according a study by consults SNL Financial. As the FT reports, the authorities have seen an annualised return of 8.5 per cent on the $250bn injected into banks at the height of the crisis as Goldman Sachs and American Express, in particular, paid favourable prices to buy out warrants received in return for government aid.

This entry was posted by Paul Murphy on Monday, April 5th, 2010 at 22:12 and is featured in The 6am Cut London (6 Apr 2010), The Closer (5 Apr 2010), The Lunch Wrap (6 Apr 2010) . Tagged with american express, goldman sachs, TARP, US Treasury. Edit this entry.