San Francisco-based Wells Fargo & Co. is considering returning the $25 billion it received last fall under the Treasury's Troubled Asset Relief Program.

John Stumpf, CEO of Wells Fargo & Co., said in an interview, "We will pay it back shortly."

It may be noted here that last fall government had pumped a huge amount of money in the largest nine U.S. banks.

It was informed that the bank was creating capital through earnings so that it could repay the debt without lifting new equity capital and diluting existing investors.

Many banks that received aid under TARP funds have already debt, putting an end to the imposed limits on them.

The Bank of America said recently that it was going to return $20 billion of the $45 billion aid it obtained from the government.
 
In May, Wells Fargo sold $7.5 billion in new common after regulator ruled it needed to fill a capital hole of $13.7 billion.

In Tuesday’s trading shares in Wells Fargo & Co. closed at $26.21, losing 4.8 per cent.