Qualified advisers answering your
Financial Questions
call 0800 092 1245

US banks start to repay bailout funding

It has been revealed that US banks are set to repay a total of $68 billion to the US government as part repayment of government funding over the last few months. The 10 banks in question, JP Morgan, American Express, Bank of New York Mellon, BB&T Corporation, Capital One Financial, Morgan Stanley, State Street and US Bancorp are all very keen to start to repay their share of bailout financing in order to unshackle some of the handcuffs attached by the US government and US regulators.

Many of the US banks have been trying to repay part of their debt for some time but until now the US government has been very wary of reducing their financial strength in the short to medium term. The fact that the government is set to allow repayments to begin is seen by many as a sign that the worst could be over for the US financial sector. Whether this growing confidence in US financial sector will transfer to the consumer sector and overseas very much remains to be seen.

The US government and US economy led us into the recession and it looks as though they could very well lead us out.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details