Word: repayment
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...Recently, Goldman Sachs, JPMorgan and others have said they plan to repay the tens of billions of dollars they received last fall as part of the government's Troubled Asset Relief Program (TARP) as soon as possible. Investors immediately cheered the news. Shares of Goldman and JPMorgan are up 80% and 117%, respectively, since the market bottomed in early March...
...with everybody else. While both Victor and Tammy thought they had a shot at claiming the prize, Tammy said, “I never let myself truly believe that we would win until the very end.” She said that she plans to use her winnings to repay her law school loans. Victor said he hopes to continue with his passion—supporting high school debate. —Staff writer Molly M. Strauss can be reached at mstrauss@fas.harvard.edu
...best interests of the country's troubled financial system. If that transaction is at the heart of B of A's capital shortfall, the firm has a legitimate argument that because it helped the government when it was in a jam, it is time for the government to repay the favor...
...made a startling announcement on April 14 that for once had nothing to do with bankruptcy or federal intervention. The bank posted better-than-expected earnings--more than $1.8 billion. More strikingly, the firm revealed it had sold $5 billion in stock and plans to use the money to repay the $10 billion in TARP funds it borrowed in October 2008. In clearing its debt, Goldman hopes to free itself from the restrictions-- like those on executive pay--imposed on firms that received bailout money. Last year, 1 in 30 of its employees reportedly earned more than $1 million...
...position on the production line of an auto parts manufacturer. But in the wake of the financial crisis, that job is gone, and Hussein, like hundreds of thousands of migrant workers around the world, is stranded far from home, saddled with debts that will take years to repay...