Wells Fargo, Citigroup to repay billions
Repayment will free banks from salary, bonus limits
Posted: December 15, 2009 at 4:25 a.m.
A sign at the Citigroup Center is shown in April in New York. Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department.
Wells Fargo and Citigroup both said Monday they will repay the billions of dollars they hold in U.S. government bailout money, freeing the banking giants from the compensation limits and other restrictions that came with the rescue program.
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Front Section, Pages 1 on 12/15/2009
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