Goldman Sachs is set to join a swelling band of banks seeking to repay funds received from the US government's bank recapitalisation scheme.
Goldman plans to pay back $10bn it received from the scheme as early as late April after the US Treasury completes the first round of its “stress tests” designed to separate strong banks from the weak.
Goldman's decision comes as a handful of smaller banks have signalled plans to pay back the government's money, citing concerns over changes in the terms of the programme and compensation restrictions associated with the funds.
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