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BofA bailout repayment puts pressure on Citi, Wells FargoBank of America’s surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government’s thumb. But don’t expect it to happen anytime soon. That’s because many banks, including Citi and Wells Fargo, still face big losses on loans as people fall behind on bills—losses that could further erode their capital and ...
2009-12-04 - Richmond Times-Dispatch