A year is a long, long time in banking. Just 12 months after Bank of America received its first slug of government funds, the bank is repaying the Treasury's entire $45bn investment. That is good news for taxpayers, who have pocketed about $2.5bn in dividends to date, and are left with only one real mega-bank, Citigroup, as an ongoing concern. More perplexing, perhaps, is why shareholders, who marked BofA's shares up 3 per cent in after-hours trading, are so pleased.
对银行业而言,一年何其漫长。在接受第一笔政府注资仅12个月后,美国银行(Bank of America)就将偿还财政部全部450亿美元投资。这对纳税人来说是个好消息。纳税人迄今已得到约25亿美元的利息,而他们还需要担心的真正超大型银行,只剩下了花旗集团(Citigroup)。或许,更令人困惑的是,在盘后交易中推动美银股价上涨3%的股东们为何如此高兴?