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Monday, July 13, 2009|
State Street Returns More TARP Money
State Street Global Advisors' parent just paid back its bailout money. Bloomberg reports that State Street forked over $60 million to buy back warrants from the Federal government, following up on $2 billion in preferred shares the bank repurchased in October.
According to Bloomberg, State Street's latest move makes it "the first major financial firm to exit" the Troubled Asset Relief Program.
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