The Federal Reserve has asked nine U.S. banks that were part of the stress tests to submit plans for repaying TARP funds, Bloomberg reports. These are Bank of America, PNC, Citigroup, Fifth Third Bancorp, GMAC, KeyCorp, Regions Financial Corporation, SunTrust Banks and Wells Fargo

The banks are to include recent examples of their ability to raise common equity in their plans. The institutions had participated in the Fed’s Supervisory Capital Assessment Program. Together, the nine lenders have received about $142 billion in TARP funds, adds Bloomberg.

Click here for the story from Financial Times. 

Click here for additional coverage from Bloomberg.