'Bank to the Stars' Moves to Unhitch Its Wagon from the TARP


City National (CYN) has become the latest recipient of government bailout money seeking to repay funds it received under the Troubled Asset Relief Program. The Los Angeles-based bank said Wednesday that it has repurchased $200 million worth of the $400 million in shares that were sold to the U.S. Treasury in 2008 under TARP, and pledged to repurchase the remaining $200 million in 2010, pending regulators' approval.