TARP News
Northern Trust buys back warrants to exit TARP
Northern Trust Corp. said Wednesday it repurchased for $87 million a stock-purchase warrant issued to the federal government last fall, completing the final step to exit the Treasury Department's bank rescue program.Northern Trust's repurchase of a warrant issued to the Treasury to buy about 3.8 million shares of its common stock came more than two months after Northern Trust repaid the $1.58 billion
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