TARP News
Canada's BMO repays Marshall & Ilsley's TARP debt
The Treasury Department said Tuesday it has recovered the $1.7 billion in bailout funds it put into Milwaukee-based bank Marshall & Ilsley Corp.In December, BMO Financial Group said it was buying Wisconsin's largest bank for $4.1 billion in stock. With the acquisition, BMO agreed to repay the Troubled Asset Relief Program funds.As part of the deal's closing Tuesday, Toronto-based BMO bought $1.7 billion
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