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The haste with which banks are repaying funds is causing unease in political circles.
Brazil is following the example of Mexico, Latin America's second-largest economy, in repaying funds provided by the United States Treasury to ease the peso crisis of 1994-95.
Over in the U.S., Bank of New York Mellon said that its first-quarter profit had fallen by 57.0% and that it was cutting its dividend in the hope of repaying funds provided by the government.
At the same time that responsible, hard-working homeowners have fallen victim to economic conditions beyond their control, private firms will be repaying funds they received to stabilize the economy for all of us.
Last week the Commons agreed to publish the so-called "rectified" cases, whereby MPs can avoid serious sanction by apologising and if necessary repaying funds for minor offences.
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A minority of candidates, with leftover money or inadequate records, must repay funds.
The benefits are obvious: The bank has the strongest balance sheet among its rivals and is the only big lender to repay funds borrowed from the government in 1998 and 1999.
"It's a partial fix but not a real fix because you still have a chairman who has acknowledged his obligation to repay funds but is given six months to do so," said Robert Curry, a lawyer for Tweedy, Browne, an investment firm that owns about 15percentt of Hollinger International's stock.
The government is set to get $68 billion back from the banking sector as the first group of 10 firms repays funds received from the Troubled Asset Relief Program.
As it stands now, the government is set to get $68 billion back from the banking sector as the first group of 10 firms repays funds received from the Troubled Asset Relief Program.
Earlier in the day at the company meeting Citi's chief executive Vikram Pandit said the company aims to repay funds from the government's Troubled Asset Relief Program with interest, according to TradeTheNews.com.
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