Wells Fargo to repay $25 billion bailout

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Wells Fargo said Monday it has reached an agreement with the government to return $25 billion in bailout money it received during last year’s financial crisis.

The San Francisco-based bank said repayment of the funds is contingent on a $10.4 billion common stock offering.

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