Bank Bailout Program Has Generated An Average Return of 10% for US : Report

A govt program to bail out banks at the height of the financial crisis has so far turned a profit, according to a report by investment bank Keefe, Bruyette & Woods. The Capital Purchase Program, part of the $700 billion TARP, has generated an average return of 10% on the initial investment in 61 banks that have fully repaid the aid, said the report, issued on Wednesday – FBN