Which bailed-out bank will be next to exit TARP?


Which bank will follow the trail blazed by Bank of America (BAC) and be next to exit the government's bank rescue program? Probably not Citigroup (C), where taxpayers' own a 34% stake that the Treasury Department doesn't want to sell until it's sure the company won't need to raise more capital.

Then there's Wells Fargo (WFC), recipient of $25 billion in assistance, a bit more than half of the $45 billion Citi and Bank of America each got. But with hefty exposure to California's still-radioactive real estate market and without a capital cushion to match BofA's, it's not a strong candidate either.