Regions Financial Repays TARP Funds (RF, ZION, AIG)
The largest of the remaining institutions in the federal government’s Troubled Asset Relief Program (TARP) re-paid its $3.5 billion loan today. Regions Financial Corp. (NYSE: RF) has also paid US taxpayers $593 million in interest on the loan it took…
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The US government has now made a profit of $18 billion on the bank bailout portion of the $700 billion TARP fund. The largest outstanding bank loan is now the $1.4 billion bailout advance to Zion Bancorp. (NASDAQ: ZION).
Of the initial TARP fund, about $32 billion is not expected to be returned. The bailout of American International Group Inc. (NYSE: AIG) and the US auto industry bailout account for most of that money.
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