The US Treasury has received $45 billion from Citigroup and Wells Fargo as repayment of loans which the Obama Administration had given to the two American banking giants to help them recover from financial crisis.
Several of the 10 firms issued statements detailing how they planned to raise it
19 largest banks that they must raise $75 billion in extra capital by November.
Wells Fargo says it expects to report record earnings for the first quarter
The US Federal Reserve has approved Wells Fargo's takeover of Wachovia
Wells Fargo and Citigroup agreed to extend their "standstill" on litigation.
US banking giant Citigroup said it had frozen out rival Wells Fargo
Wells Fargo & Co said on Friday it reached a deal to buy Wachovia Corp for about
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