Citi, Wells Fargo repay TARP

As expected, Wells Fargo and Citigroup repaid government aid they received through the Troubled Asset Relief Program. Wells Fargo made its $25 billion repayment, while Citi repaid $20 billion. The development helps the banks escape the government's grasp. The four largest banks in the country, along with several regional banks, have repaid their government aid.

http://uk.reuters.com/article/idUKTRE5BM3UJ20091224