Goldman to Give Back Bailout Loan Soon: Report

Goldman Sachs is planning, "ideally within the next month," to give back a loan from the government's bailout fund which it accepted last year, people involved in the process tell Andrew Sorkin of the New York Time's Dealbook blog.

Some banks, namely Citibank and Bank of America, have already said they are making an operating profit for the first two months of the year.

"To some, these pronouncements can make banks look like an overzealous kid on a bike, claiming he really doesn’t need his training wheels, as he strains to keep from wobbling," Sorkin writes.

He believes other firms may want to give back their funds to avoid looking weak, when in fact they may still need the capital.

Goldman executives have held meetings about the issue, and have also privately held talks with Congressman Barney Frank, who heads the House Financial Services committee, Sorkin reports citing the same people.