Press Releases

FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

TARP Repayments Nearing Completion

 

Washington, D.C.—February 3, 2011—As Fifth Third Bancorp became the latest financial institution to return its TARP investment to Treasury, the government is well on its way to recouping all of its funds.

“Recent estimates that Treasury is a mere $2 billion away from recouping its entire TARP investment is great news for the economy,” said Steve Bartlett, President and CEO for the Financial Services Roundtable. “American taxpayers should be pleased that the program that originally stopped the economic freefall is now projected to bring in approximately $20 billion in profit.”

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.  Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.