Government gives big banks needing capital after stress tests 1 month to develop approved plan

Gov’t sets June 8 deadline for banks’ capital plan

WASHINGTON — The nation’s biggest banks that are found to need more capital after government stress tests will have one month to come up with a plan to raise the additional resources.

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Banks must shed FDIC guarantees if they want to return bailout funds

Banks returning bailouts will face conditions

WASHINGTON — Banks that want to pay back their federal bailout funds and free themselves from government restrictions on compensation and dividends will have to sever their ties to another financial assistance program.

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Official: Banks must shed FDIC guarantees if they want to return bailout funds

Official: Bailout returns will have conditions

WASHINGTON — The government will require banks seeking to return federal bailout money to prove they don’t need other special federal assistance, a condition that will make it harder for some institutions to escape restrictions on executive compensation.

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