More Banks Fail to Pay Tarp Dividends
Tags: TROUBLED Asset Relief Program (U.S.); DIVIDENDS
Related Articles
- More Are Skipping Tarp Dividends. Davis, Paul // American Banker;12/16/2010, Vol. 175 Issue 193, p6
The article reports an increase in the number of U.S. banks and thrift institutions who are failing to make dividend payments on preferred stock issued to the U.S. Treasury Department under the Troubled Asset Relief Program (TARP).
- B of A Returns to Deficit as Recent Acquisitions Drive Losses. Davis, Paul // American Banker;10/19/2009, Vol. 174 Issue 190, p1
The article discusses the financial performance of Bank of America Corp. The financial statement for Bank of America during the third quarter of the 2009 fiscal year shows major losses in the credit card, mortgages, and private banking divisions. Also, if Bank of America does not begin repaying...
- The Bailout Yearbook: The Stars and the Slackers. Weise, Karen // Pro Publica;9/26/2010, p11
The article focuses on the federal bailout fund which will expire on October 3. The new programs will not be started by the government after that but the payment of money will be continued. In 2008, the U.S. Treasury Department was authorized to spend 700 billion dollars in the Troubled Asset...
- A Tarp Recipient's Blueprint for Stock Repurchases. Fajt, Marissa // American Banker;4/23/2009, Vol. 174 Issue 77, p1
The article discusses the repurchasing of stock by companies which received capital from the U.S. government. International Bancshares Corp. received $216 billion from the U.S. Troubled Asset Relief Program in December 2008 and it has since paid shareholders a dividend of 33 cents a share....
- S&T Lowers Dividend, Cites Infusion. McGeer, Bonnie // American Banker;6/17/2009, Vol. 174 Issue 115, p20
The article reports that S&T Bancorp Inc. has announced plans to cut its dividend in half to help protect its capital and clear its government investments. S&T intends to pay a dividend 15 cents a share for the second quarter, in contrast to the 31 cents a share it previously paid. The savings...
- TROUBLED ASSET RELIEF PROGRAM: Status of Participants' Dividend Payments and Repurchases of Preferred Stock and Warrants. // GAO Reports;7/9/2009, preceding p1
The article focuses on the Troubled Asset Relief Program (TRAP) and discusses the status of participants' dividend payments and repurchases of preferred stock and warrants. It is stated that according to TRAP, the U.S. Department of Treasury has the authority to purchase and insure through its...
- Eye on Tarp Exit, USB Slashes Dividend. Kuehner-Hebert, Katie // American Banker;3/5/2009, Vol. 174 Issue 43, p1
The article reports that Richard Davis, chief executive of U.S. Bancorp, intends to return the $6.6 billion it received through the U.S. Troubled Asset Relief Program (TARP) by spring 2009. According to the article, the company will return the funds after regulators complete stress tests on it...
- GAO Criticizes Treasury's Tarp Dividend Process. Flitter, Emily; Adler, Joe // American Banker;4/1/2009, Vol. 174 Issue 62, p16
The article reports that the U.S. Government Accountability Office (GAO) found that eight U.S. banks that accepted money from the Troubled Asset Relief Program (TARP) did not pay dividends owed to the U.S. Treasury Department. The Treasury has not pursued these dividends, and the GAO said that a...
- TCF: Capital Repayment Plan Approved. McGeer, Bonnie // American Banker;4/21/2009, Vol. 174 Issue 75, p2
No abstract available.
