stock

Banks Launch Stock Offers To Repay Tarp

NPR Programs: Morning Edition  Wed, 06/03/2009 - 5:57am

The country's banks have sold billions of dollars in stock to raise capital and shore up their finances. Banks are under pressure to raise more capital before the government will allow them to repay the bailout money, also known as TARP funds.

Banks are eager to repay the funds so they can avoid the special requirements that come along with the bailout money.