Investors reacted coolly to word that 10 of the nation's largest banks can repay $68 billion in bailout money.
Stocks zigzagged in a narrow range Tuesday after the Treasury Department's widely expected announcement that the banks will be allowed to repay the money they received from the $700 billion Troubled Asset Relief Program created by Congress last October at the height of the financial crisis.
The banks have been eager to get out of the program to escape government restrictions such as caps on executive compensation. Among the banks that confirmed that they received permission to repay the bailout funds were: JPMorgan Chase & Co., American Express …
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