MutualFundWire.com: State Street Returns More TARP Money
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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.


Printed from: MFWire.com/story.asp?s=22043

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