banking crisis

Big Banks Get Green Light To Repay Bailout Money

NPR Programs: Morning Edition  Tue, 06/09/2009 - 9:54am

Ten of the nation's largest banks have received a green light from the Treasury Department to repay $68 billion in government bailout money that they got during the height of the financial crisis.

The banks have been busy strengthening their balance sheets in recent weeks by raising private capital. Tuesday's move raises hope that the worst of the banking crisis is over.