WASHINGTON (AP) - Several chief executives at major U.S. banks that received injections of capital from the federal government last fall say they made more loans as a result of the infusions and vowed to pay back the taxpayer money over time.
In prepared testimony to be delivered Wednesday before the House Financial Services Committee, executives also sought to reassure lawmakers that they and their employees took significant reductions in compensation last year and that no government money was used to pay bonuses or dividends.