B of A Nears Deal to Pay For Backing

Hopkins, Cheyenne; Davis, Paul
June 2009
American Banker;6/8/2009, Vol. 174 Issue 108, p1
Trade Publication
The article reports on a deal which was expected to be reached between the U.S. Treasury Department and Bank of America Corp. With the deal the two organizations are expected to determine how much the bank owes the U.S. federal government in fees from an unsigned asset guarantee plan which was created in January of 2009.


Related Articles

  • Arizona-based banks shut out of bailout money.  // Inside Tucson Business;2/2/2009, Vol. 18 Issue 36, p3 

    The article reports on the $193.8 billion bailout money offered by the U.S. Treasury Department to banking institutions in Tucson, Arizona. These banks include Zions Bancorporation, Bank of America Corp. and M&I Bank. The fund is extended through the department's Troubled Asset Relief Program...

  • 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...

  • Senate OKs TARP Second Round.  // Aging News Alert;1/16/2009, p7 

    The article discusses the move of the U.S. Treasury Department to give one-third of the $700bn bank bailout money to Bank of America Corp. to guarantee $118bn of the bank's mortgage-backed assets. The move came after the U.S. Senate's Democrats endorsed the remaining $350bn of the $700bn bailout...

  • Letting Uncle Sam Hold Warrants May Be Best Bet. Monks, Matthew; Davis, Paul // American Banker;5/22/2009, Vol. 174 Issue 98, p1 

    The article discusses a growing consensus that U.S. banks who issued warrants to the Treasury Department in exchange for federal aid should be in no hurry to buy those warrants back. Purchasing the warrants could cost banks such as Bank of America and Wells Fargo over $2 billion, while letting...

  • Treasury Seeks Data From Tarp Recipients.  // American Banker;1/21/2009, Vol. 174 Issue 13, p2 

    This article discusses efforts by the U.S. Treasury to gather data on investment policies implemented by recipients of funding under the Troubled Assets Relief Program (TARP). These information gathering efforts are intended to increase the transparency of the U.S. government sponsored bailout...

  • B of A Approves Tarp Payment.  // American Banker;4/6/2009, Vol. 173 Issue 65, p2 

    The article reports on the financial plans of Bank of America Corp. (B of A). The company was to pay an installment of over $700 million to the United States government, as a step toward repaying the $45 billion B of A had received under the Troubled Asset Relief Program (TARP). The U.S....

  • Follow the Money? With Tarp, That May Not Be So Simple. Hopkins, Cheyenne // American Banker;12/15/2008, Vol. 173 Issue 240, p3 

    The article reports on U.S. Treasury Department money and how U.S. banks are using it. Lawmakers are asking banks to be able to account for how they are using the government capital infusions. However, most banks are putting the money onto their balance sheets where it is then sent out to...

  • Amex to Get $3.4B Of Treasury Money. Harry Terris, By // American Banker;12/29/2008, Vol. 173 Issue 247, p16 

    The article reports that American Express Co. has announced that it expects to receive almost $3.5 billion through the U.S. Treasury's Capital Purchase Program. Also noted is the U.S. Federal Reserve Board's December 2008 approval of the credit card company's application to become a bank holding...

  • As banks repay loans, Treasury to ask how bailout money spent. Brush, Silla // Hill;12/17/2009, Vol. 16 Issue 149, p21 

    The article reports on the investigation of the U.S. Department of the Treasury on how the bailout money was spent by the individual banks.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics