Below are summaries of statements from 16 of the banks that received TARP (Troubled Asset Relief Program) funds that ABC News surveyed.
Each bank was asked:
How has your firm used the TARP money to date?
What is the total amount your firm has decided to allocate to bonus and incentive pay this year? How does it compare to the 2007 bonus/incentive pool?
Citigroup ($25 billion)
Will help expand the flow of credit in the U.S. economy.
Formed a Special Committee made up of senior...Full Story