Finance in crisis
Bank of America to repay TARP
NEW YORK (Reuters) - Bank of America Corp said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO but also makes it more vulnerable to further economic shocks. Full Article
UK banks have $5 bln exposure to Dubai World: report
LONDON (Reuters) - Four British banks have a $5 billion combined exposure to Dubai World, making them the biggest foreign creditor group at the Dubai state-owned conglomerate, the Financial Times said on Thursday. Full Article
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