Dimon eager to repay govt funds

JPMorgan CEO Jamie Dimon said his firm could repay US government rescue funds "tomorrow."

NEW YORK: JPMorgan CEO Jamie Dimon said his firm could repay US government rescue funds ���tomorrow.��� Dimon, calling money received through the Troubled Asset Relief Program ���a scarlet letter,��� and ���the TARP baby,��� said on a conference call today that the New York-based bank is awaiting guidance from the US Treasury Department.

���We could pay it back tomorrow,��� he said. The 53-year-old CEO took $25 billion in US government rescue funds last year. He���s fared better than rivals in guiding the company through the financial crisis, taking $33.3 billion in writedowns, losses and credit provisions through the fourth quarter.
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