Thursday, July 5, 2012

Bank to repay US $45b to US

Washington:

Us Government Was informed on Wednesday about The refunding of 45 billion dollar investment done during recession period , to stabilize the financial economy .

The fund provided by the Us Government was under "Troubled Asset Relief Program".





 Kenneth Lewis. the chief executives said "We appreciate the critical role that the US government played last fall in helping to stabilize financial markets, and we are pleased to be able to fully repay the investment, with interest,"

Many Banks paid back the pending amount that they received from the Us Government earlier this month.

Bank of America Also thanked the government for their support to maintain the stability in economy of the country .

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