More Videos
- Consumer Sentiment Falters, Despite Job Growth
- Greek Aid Deal ‘Much Better’ Than Euro Exit: Summers
- Bonus Bloodbath: Europe Banker Backlash Continues
- US Trade Deficit Swells to $48.8 Billion on China Gap
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- EU Agrees Rules for $700 Trillion Derivatives Market
- The World's Best Beers
- Rep. Bachus Faces Insider Trading Probe: Report
- Bank of America’s Worst-Case Scenario Gets More Real
- Tesla Unveils First SUV: Model X
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
- Unusual Volume: Taleo Jumps After Oracle's $1.9 Billion Offer
MOST SHARED
- Users of Citibank Bill-Pay App Charged Twice
- US Trade Deficit Swells to $48.8 Billion on China Gap
- Rep. Bachus Faces Insider Trading Probe: Report
- Euro Sags, Risk Appetite Softens on Greek Deal Holdup
- What's Shaking: Friday's Early Movers
- Israel Likely to Bomb Iran This Year: Political Analyst
- Will Romney Regret Opposing Michigan Auto Bailout?
- FBI Investigated Steve Jobs Drug Use
- Greek Aid Deal ‘Much Better’ Than Euro Exit: Summers
- EU Finance Ministers Won't Get Fooled Again
MOST POPULAR
HOT ON FACEBOOK
JPM's Dimon Ready To Give Back TARP Money?
Text Size 
We know that Goldman Sachs [GS
Loading...
()
] is looking for ways to give back the TARP Money. But there may be another bank looking to give it back.
JPMorgan [JPM
Loading...
()
] CEO Jamie Dimon was at a town hall meeting Tuesday when somebody asked him about last week's congressional grilling. He had an interesting quote.
"While I was sitting there I was thinking I should raise my hand and say 'I will wire you back the (TARP) money if you let me leave right now,'" said Dimon.
The line got a big laugh but Dimon was only half kidding. JP Morgan Chase is exploring ways to give back the TARP money as soon as possible.
How they do this is unclear but there's no doubt that senior executives aren't merely thinking about returning the money at some future date—they have begun formal deliberations on how to do this. A spokeswoman for JPMorgan had no comment.
JP Morgan is one of eight large banks using taxpayer money from the Treasury Department's $700 billion bailout fund.
- How much did the Facebook founder pay for other shareholders' voting rights? Not a heck of a lot, says the NY Times.
- Here’s a look at Westminster Kennel Club’s most successful breeds and how much they cost.
- When looking for that next career move, workers need to look at the differences between a start-up and a public firm.
- After enduring the recession, many Baby Boomers say money isn’t the most important thing they hope to leave to their kids.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear to accessories and fragrances.
- Attention, online shoppers. The days of tax-free online shopping may be coming to an end in many states.
Data is a real-time snapshot *Data is delayed at least 15 minutes
