Wells Fargo Repays $25 Billion TARP “Investment”, Aided by New $10.4 Billion Common Stock Offering
Wells Fargo will repay $25 billion to the U.S. Treasury after the completion of a $10.4 billion “common stock offering” (basically they will print off their corporate currency, stock, and exchange it for US currency). After issuing $10 billion worth of common stock, Wells Fargo expects to repay the TARP bailout. (more…)
