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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.
Most banks repaid TARP funds using capital raised from the issuance of equity securities and debt not guaranteed by the federal government. PNC Financial Services, one of the few profitable banks without TARP money, planned on paying their share back by January 2011, by building up its cash reserves instead of issuing equity securities. [67]
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:
A look at what a bank bailout is with some examples of notable bank bailouts from the past. ... The bailout provides much-needed funds to reduce or eliminate debt completely, and the new bank ...
The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset Relief Program. As a result of the economic and financial crisis, over 65 U.S. banks have become insolvent and have been taken over by the FDIC since the beginning of 2008.
Seeking to prove their financial health and escape heightened scrutiny by regulators, all ten of the banks approved last week to repay $68 billion worth of investments from the Treasury Department ...
Now here we stand a year later and what started as a gigantic $700 billion bank bailout. It was an unfortunate acronym to begin with for the troubled asset relief program -- TARP -- suggesting as ...
Seaway Bank and Trust Company Chicago: Illinois: January 27, 2017 State Bank of Texas 361.2 3 Proficio Bank Cottonwood Heights: Utah: March 3, 2017 Cache Valley Bank 68.2 4 First NBC Bank New Orleans: Louisiana: April 28, 2017 Whitney Bank 4,740 5 Guaranty Bank (d/b/a BestBank in Georgia and Michigan) Milwaukee: Wisconsin: May 5, 2017