Wells Fargo plans "shareholder-friendly way" to repay TARP

John Stumpf, president and CEO of Wells Fargo, said the bank plans to pay back money it received through the Troubled Asset Relief Program but will do so without raising equity so the value of investors' stakes will be protected. "We will pay it back, but we're going to pay it back in a shareholder-friendly way," Stumpf said. "We are now earning capital so quickly, organically, we don't want to dilute our existing shareholders."

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