The Corner

Bail-back

After all of the criticism for its sponsorship of a PGA event, Northern Trust decides that government control over its operations is too great a price to pay for the money involved. They want to pay the government back. From Crain’s, on the bank’s decision to un-bail itself out:

One big shareholder was supportive, saying the bank is right to exit the federal program if it means no more second-guessing of actions meant to generate business.

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