Let banks out of bailout
Tags: BANKING industry; UNITED States. Dept. of the Treasury; BAILOUTS (Finance); REPAYMENTS; FINANCIAL institutions
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- Capital Purchase Program Funds: Thanks, but Maybe No Thanks. Murray, Daniel G.; Quirk III, William H. // Bank Accounting & Finance (08943958);Jun/Jul2009, Vol. 22 Issue 4, p42
The article discusses the Capital Purchase Program (CPP) announced by the U.S. Treasury. The CPP injects capital into healthy financial institutions which will allow them to further increase the flow of financing to consumers and enterprises and stimulate U.S. economic growth. According to the...
- Give back the bailout money. // Crain's New York Business;3/16/2009, Vol. 25 Issue 11, p10
In this article, the author discusses the restrictions that U.S. Treasury and Congress have imposed on the bailout programs. The author says banks and securities firms must get out of the bailout program if they are to thrive and if the financial industry and New York are to recover. The author...
- TEXAS: Plains Capital TARP Funds. Williamson, Richard // Bond Buyer;12/30/2008, Vol. 366 Issue 33031, p9
The article reports on the $87.6 million received by the PlainsCapital Corp. from the U.S. Treasury Department's financial rescue program in Texas. It states that the company was among the 92 local banks receiving a share of $4.7 billion issued by the Treasury. It says that the taxpayer funds...
- Quiet Treasury Freezes Citi. // American Banker;12/7/2009, Vol. 174 Issue 217, p2
The author reports that the U.S. Treasury Department has refused to give up its 34 percent stake in Citigroup, Inc. and that is hindering the banker's plan to repay 20 billion dollars of bailout funds. Also, investors could be reluctant to purchase Citigroup shares since a Treasury sale could...
- Treasury Invests In 92 More Banks. Emily Flitter, By // American Banker;12/29/2008, Vol. 173 Issue 247, p16
The article reports that the U.S. Department of the Treasury has announced that 92 financial services institutions received almost $5 billion by means of its Capital Purchase Program. The largest amount of money, $968 million, went to Synovus Financial Corp. As of late December 2008, the...
- Will Government Give up Ownership in the Banks? Jeffrey, Terence P. // Human Events;11/3/2008, Vol. 64 Issue 38, p9
The author considers the potential unintended consequences of the action being taken by the U.S. government to purchase $250 billion worth of shares in U.S. banks. One possibility he cited is that government holds the banks indefinitely. He explains that the language controlling what the...
- Treasury, Hill Haggle Over Mods, Exec Comp. Kaper, Stacy; Hopkins, Cheyenne // American Banker;9/23/2008, Vol. 173 Issue 184, p1
The author reports on efforts by lawmakers and the U.S. Treasury Dept. to reach an agreement in which the Treasury Dept. will purchase the assets of troubled banks. Issues regarding the bailout which are being debated include the salaries given to executives of companies the government bails out...
- Banks seek fed cash. Daniels, Steve // Crain's Chicago Business;10/27/2008, Vol. 31 Issue 43, p2
The article reports on the financial bailout being sought by Chicago, Illinois banks through federal cash infusions. It mentions that the U.S. Department of Treasury is offering to buy preferred stock in banks around the country on terms more favorable than the banks could get in private...
- With Bailout Approved, What's Next. Kaper, Stacy // American Banker;10/6/2008, Vol. 173 Issue 193, p1
The article reports that after the U.S. government approved a large bailout plan for financial institutions in 2008, the Treasury Department will have to work hard to put the plan into effect. Laurence E. Platt, a lawyer for K&L Gates, says the first thing the Treasury Department will have to do...
