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NEW YORK: Morgan Stanley is expected to repay its government bailout money on Wednesday, according to a person familiar with the talks between the bank and the government.
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.
NEW YORK: The US Federal Reserve is expected to say Goldman Sachs Group Inc, JPMorgan Chase Co and perhaps a few other banks will be allowed to repay money to the Troubled Asset Relief Programme, i>The Wall Street Journal/isaid yesterday, without saying where it got the information.
WASHINGTON: The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the i>Washington Post/ireported in its Saturday edition.
NEW YORK Reassuring news about housing and banking on Monday convinced investors to return to the US stock market. The Dow Jones industrial average shot up 235 points, its biggest daily point gain in over a month, and made up three-quarters of last week's losses.hr noshade size=-1 width=50%>