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Treasury’s TARP Recovery Tops $252B

The U.S. Department of the Treasury reports that it has recovered more than $252 billion in funds it had provided banks through the Troubled Asset Relief Program.

The U.S. Department of the Treasury reports that it has recovered more than $252 billion in funds it had provided banks through the Troubled Asset Relief Program. The latest repayment came from Buffalo, N.Y.-based M&T Bank, which repurchased $370 million in TARP Capital Purchase Program shares and an additional $330 million of the shares in connection with its acquisition of Wilmington Trust. Treasury had invested $245 billion through various TARP programs, meaning a $7 billion profit for taxpayers.

Click here to read the release from the Department of the Treasury.

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