Economy

September 1, 2009

Bank of America in talks to pay back some bailout funds

Bank of America Corp. is talking to federal officials about paying back part of its $45 billion in government bailout money, the Wall Street Journal reported late Monday, citing sources familiar with the matter. The Charlotte bank has indicated that it would first look to pay back the $20 billion it received in January to help stabilize its Merrill Lynch & Co. acquisition.

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