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(Image from article: "U.S. Delays Results of Stress Tests")

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Fed asks U.S. banks to submit TARP repayment plans

The U.S. Federal Reserve this month asked banks that were part of "stress tests" conducted earlier this year that have not yet repaid money injected under the Troubled Asset Relief Program (TARP) to submit plans to do so, a person familiar with the situation said on Tuesday.

 

GMAC to get up to $5.6bn capital injection

GMAC, the car financing company, is set to receive up to $5.6bn in a new capital injection from the Treasury, filling a hole identified in the “stress tests” earlier this year and paving the way for the government to become the majority shareholder

 

U.S. Delays Results of Stress Tests

U.S. Delays Results of Stress Tests

The Federal Reserve and Treasury plan to release results of their tests assessing the health of the country's 19 largest banks next Thursday, later than previously planned.

 

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