Washington’s Big Bank Bailout May Turn Out To Be Profitable
Disentangling U.S. banks from the federal government, and vice versa, is well and truly under way. And, mercifully, exiting the Troubled Asset Relief Program involves far less drama than obtaining the debt relief.
Imogen Rose-Smith
April 5, 2010
The Bank of America Tower, headquarters of the banks investment banking unit, stands in New York, U.S., on Wednesday, Feb. 3, 2010. Bank of America Corp., the nation's largest lender, will pay investment-banking employees bonuses of about $4.4 billion for last year, or an average of $400,000 each, a person close to the bank said. Photographer: Daniel Acker/Bloomberg
Daniel Acker/Bloomberg
