<< Read Full Article
<< Read Full Article
I'm troubled by State Street's (STT Quote) announcement that it will sell shares in the hope of being allowed to repay the taxpayer bailout funds it received.
Like the announcements from the other banks that want to repay funds from the Trouble Asset Relief Program (TARP), State Street's announcement includes the caveat "if permitted to do so." That's what troubles me.
We've heard the same thing from Goldman Sachs (GS Quote) and JPMorgan Chase(JPM Quote). The growing list of banks awaiting "permission" to repay the government also includes BB&T (BBT Quote), Capital One (COF Quote) and US Bancorp (USB Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.40
|
|
DOWN
104.14
|
DOWN
11.32
|
DOWN
16.62
|
DOWN
0.56
|
10 Yr
3.39%
SPDR Gold
110.95
|
|
-1.00%
|
-1.03%
|
-0.76%
|
-1.62%
|
Data delayed 20 minutes |
Connect with TheStreet