Fed asks 'stress-tested' banks when it can expect TARP repayments
The banks may be allowed to repay the TARP money soon if they have been able to raise common equity recently and would continue to exceed capital buffers that were set in the stress tests, the news agency cited the person as saying.
The Federal Reserve did not immediately return a Reuters email seeking comment that was sent outside of regular U.S. business hours.
The Federal Reserve Board said earlier this month that nine of 10 large banks ordered to raise capital in May had met or exceeded their goals, with the exception of GMAC LLC.
Reporting by Ajay Kamalakaran in Bangalore; Editing by Kim Coghill