US- Chicago-based Northern Trust has said it is working to quickly pay back the US$1.5bn it received under the Troubled Asset Relief Program (TARP) after it was chastised by lawmakers for spending on a golf tournament sponsorship.
In a letter to congressman Barney Frank on Friday afternoon (February 27), Northern Trust president and chief executive Frederick Waddell said: "Northern Trust has engaged our regulators with the g...
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