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Treasury: No Decision Yet On Bank Stock Warrants

Stock quotes in this article: AXP , BBT , BK , COF , GS , JPM , MS , NTRS , STT , USB  

MARTIN CRUTSINGER

WASHINGTON (AP) — The Treasury Department and the nation's largest banks are still negotiating what price the government should receive for stock warrants that represent the banks' final ties to the $700 billion bailout program.

Treasury Department spokeswoman Meg Reilly said Friday that the announcement is expected no earlier than Monday.

The department also formally acknowledged that it had received $68 billion in repayments of bailout funds on Wednesday. The largest amounts were $25 billion from JPMorgan Chase & Co., and $10 billion each from Goldman Sachs Group Inc. and Morgan Stanley. ...

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