Taxpayers, the check is in the mail. Bank of America, which announced last week that it aimed to repay the $45 billion in Troubled Asset Relief Program (TARP) funds it borrowed from the US Treasury

Bank of America announced last week that it hopes to repay the $45 billion in Troubled Asset Relief Funds if borrowed earlier this year; now the question being asked by the Federal Reserve is “how?

As Bank of America starts its search for a new CEO to replace Ken Lewis, who steps down from the post at the end of this year amidst a flurry of rumors and controversy over the banks acquisition of Merrill Lynch

Now that the economy appears to be on a slow path to recovery, some of the larger national banks have started to release themselves from the grasp of the federal government by repaying bailout loans given them last year.