WASHINGTON: Ten of the biggest U.S. financial companies got a green light Tuesday to return $68 billion in federal bailout money - freeing the banks from limits on executive pay and leaving the government with a small gain on the rescue cash.
While the paybacks could be a signal that the banking industry is stabilizing, analysts say it is far from a clean bill of health, and some said it was too soon to let the banks give back the money.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!