More than 100 banks were approved by federal regulators to get money under the Troubled Asset Relief Program, or TARP, and then backed out before getting any, a senior Treasury official disclosed. The department said earlier this week that 489 banks have received funding and about another 1,000 are still being evaluated.
But a growing number of banks that have received the money now want to give it back.
Tuesday, March 17, 2009
Banks scramble to return bailout funds
The L.A. Times reports:
