Times: U.S. sees profit from TARP

The New York Times reported yesterday that the U.S. government has made about $4 billion in profit from the eight biggest banks who have paid back their TARP investments.

This is by no means a comprehensive accounting of TARP funds. There is a still a significant amount of money that hasn't been paid back yet.

They printed a nice table showing the profit bank by bank: http://www.nytimes.com/imagepages/2009/08/31/business/31taxpayer_graphic.ready.html

CVB Financial to pay back TARP funds

CVB Financial Corp. (Ticker:CVBF) announced Monday that it has received final regulatory approval to repurchase all the preferred stock sold to the U.S. Department of the Treasury in December of 2008. CVB will pay $130 million to the Treasury to repurchase the preferred stock, plus accrued and unpaid dividends and intends to complete the repurchase as soon as possible. CVB recently had a stock offerring which raised $132 million.

Morgan Stanley to buyback TARP warrants

Morgan Stanley (Ticker: MS) announced this morning that they have agreed to buy back the warrants issued as a part of the TARP. They will pay the government $950 million to repurchase the warrants.