Bank of America hopes to repay $45 billion this year


It may seem like an audacious plan. Bank of America (BAC) is seeking to pay back $45 billion to the government by the end of the year.

According to an exclusive report in the Financial Times, "Most analysts expect B of A to be one of the last banks to do this, partly because of the large amount of the funds it received and partly because it was found to have the biggest capital shortfall of any U.S. bank in recent regulatory stress tests."