Ten banks repay $68 billion in bailout funds to exit TARP


Seeking to prove their financial health and escape heightened scrutiny by regulators, all ten of the banks approved last week to repay $68 billion worth of investments from the Treasury Department's bailout fund said they'd done so by the end of the day on Wednesday.

JPMorgan Chase (JPM), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB), BB&T (BBT), American Express (AXP), Capital One Financial (COF), Bank of New York Mellon (BK), State Street (STT) and Northern Trust (NT) said they'd bought back the preferred shares they sold under Treasury's Troubled Asset Relief Program, or TARP.