The Treasury Department said yesterday it will allow 10 banks to repay $68 billion of the funds invested in them by the government under the Troubled Asset Relief Program.
The government had invested $244 billion in those banks, which include J.P. Morgan Chase, Goldman Sachs and Morgan Stanley. The list does not include giants such as Wells Fargo and Citigroup.
The department had originally planned to mandate that the banks keep the money for three years, but Congress forced the department to provide an option to return the money earlier.
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