Tuesday, April 14, 2009

Goldman Sachs To Repay TARP Funds As 1Q Profit Surges

The investment bank delivered first-quarter earnings that sailed past even the most optimistic predictions and plans to raise $5 billion in stock to help pay back government bailout funds. It would become the first big U.S. bank to repay federal loans extended last autumn at the height of the credit crisis.

read more | digg story

No comments: