Geithner’s Bid to Recoup TARP Gets Boost From Stress Tests
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Treasury Secretary Timothy F. Geithner is getting a boost from the Federal Reserve as he seeks to recoup taxpayer money used to bail out banks during the financial crisis.
Regions Financial Corp. and Zions Bancorporation last week said they plan to repay money they received through the Troubled Asset Relief Program after passing Fed stress tests. The tests, designed to ensure that the largest U.S. banks could withstand another severe recession, indicate that that the two lenders are strong enough to repay TARP.