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The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
Citi received the largest amount of TARP funding, "a larger bailout than any other U.S. bank." [54] Bank of America: $45 $118 Yes [55] [56] Two allocations: $25 on October 28, 2008, and $20 in January 2009 AIG (American International Group) $40 $36 [57] JPMorgan Chase: $25 Yes [citation needed] October 28, 2008 [citation needed] Wells Fargo ...
First American Bank 70 3 St. Stephen State Bank St. Stephen Minnesota January 15, 2010: First State Bank of St. Joseph 25 4 Barnes Banking Company Kaysville Utah January 15, 2010: None (insured depositors paid directly) 828 5 Premier American Bank Miami Florida January 22, 2010: Premier American Bank, N.A. 351 6 Bank of Leeton Leeton Missouri
Au revoir tax cuts, bonjour bailouts. And finally, farewell to deflation, and a weary welcome to inflation. From Wall Street to Main Street and tax cuts to bailouts, BofA just dropped a list of 15 ...
Silicon Valley Bank and Signature Bank remain two of the largest bank bailouts in American history, with the U.S. government covering all taxpayer deposits but not supporting investors in the bank ...
A review of investor presentations and conference calls by executives of some two dozen US-based banks by the New York Times found that "few [banks] cited lending as a priority. An overwhelming majority saw the bailout program as a no-strings-attached windfall that could be used to pay down debt, acquire other businesses or invest for the future."
Ranking member Sen. Tim Scott (C) (R-SC) asks questions during a hearing of the Senate Banking, Housing and Urban Affairs Committee March 28, 2023 in Washington, DC.
Hamilton Bank Miami: Florida: 2002 $1.3 billion $2.2 billion Community Bank of Nevada Las Vegas: Nevada: 2009 $1.5 billion $2.1 billion First Bank of Beverly Hills Calabasas: California: 2009 $1.5 billion $2.1 billion Temecula Valley Bank Temecula: California: 2009 $1.5 billion $2.1 billion New South Federal Savings Bank Irondale: Alabama: 2009 ...