Goldman Sachs, JP Morgan Chase and Morgan Stanley have applied to repay the combined $45 billion the banks received in October from the Troubled Asset Relief Program. The three New York-based banks need approval from the Federal Reserve, their primary supervisor, to give back the money. The refunds would be the largest amount returned so far to the $700 billion program. Institutions are eager to repay money to lose the restrictions on compensation and hiring imposed on them in February. Already 14 of the smaller banks that received capital under the program have repaid their debts.”]
Source: https://www.bankinfosecurity.com/goldman-jpmorgan-morgan-stanley-to-repay-tarp-money-a-1473