| GEO Business|
| Goldman, JP Morgan, Morgan Stanley apply for TARP exit|
| Updated at: 1143 PST, Tuesday, May 19, 2009|
NEW YORK: Goldman Sachs Group Inc., JP Morgan Chase & Co. and Morgan Stanley applied to repay the combined $45 billion they received in October from the government’s Troubled Asset Relief Program, said a spokesperson of the U.S. Federal Reserve Bank
However, the Reserve Bank has not yet taken any decision on the requests of these three New York-based banks.