Wintrust shames rivals with payback of bailout funds

January 2011
Crain's Chicago Business;1/17/2011, Vol. 34 Issue 3, p3
The article reports that pressure is building on mid-sized commercial banks in Chicago, Illinois to repay federal bailout money as Lake Forest-based Wintrust Financial Corp. raised 328 million dollars in a stock offering in December 2010 and then redeemed 250 million dollars in preferred shares held by the federal government. As reported, other local bankers have said that they won't repay the feds until more improvement in the economy is seen by them.


Related Articles

  • Cyprus agrees £10bn bailout with EU and IMF. Dale // Money Marketing (Online Edition);3/25/2013, p24 

    The article reports that Cyprus has agreed for a 10 billion pounds bailout. The European Central Bank had threatened to cut off an emergency liquidity support unless it found agreement on a bailout package. Under the new deal Cyprus' second largest lender, the Laika Bank will be closed. The...

  • Wintrust's Success Story Shows Small Banks Need Not Be Local. WOKER, CRAIG // American Banker;5/19/2000, Vol. 165 Issue 97, p1 

    Describes the success story of Wintrust Financial Corp., a bank in Lake Forest, Illinois, formed in 1996 by through a merger of four Chicago-area start-up banks. Niche products that foster customer loyalty and command a premium above typical financing; Asset growth; Generation of assets through...

  • Of Bubbles and Bailouts. Bottari, Mary // Dollars & Sense;Jul/Aug2010, Issue 288, p22 

    The article presents an accounting of the bailout dollars disbursed by the U.S. government for U.S. corporations.

  • Hopes rise for euro stability after Ireland takes bailout. Kenchington, John // Money Marketing;11/25/2010, p8 

    The article focuses on the hope of the European Union (EU) for financial stability following the move of Ireland to take a bailout of up to 77 billion pounds.

  • Selecting Cash for Keys. Harmon, Jennifer // Mortgage Servicing News;Jan2011, Vol. 15 Issue 1, p14 

    The article reports on the relocation assistance, also known as cash for keys, which is a quid pro quo, one where the borrower gets a little bit of a bailout in the U.S.

  • COI ready to help troubled banks.  // Media Week;10/21/2008, Issue 1183, p4 

    The article reports that the Central Office of Information (COI) of Great Britain is on stand by to help provide media duties for some of the country's largest high-street banks. The initiative came after the government's decision to part-nationalise institutions as part of its £50 billion...

  • Bail-out will free market 'logjam'. Norman, Paul; Buckley, James // EG: Estates Gazette;10/11/2008, Issue 840, p24 

    The article reports on the British government's interest rate cut and the £500 bailout of British banks. According to market commentators, the move was a step in the right direction for the commercial property market but not a cure. Greg Nicholson, executive director of capital markets at CB...

  • Let's rethink this bailout strategy before it's too late. Stiglitz, Joseph // CCPA Monitor;Apr2009, Vol. 15 Issue 10, p28 

    The article discusses the implication of the federal bailout of banks by U.S. President Barack Obama's administration. It states that the stimulus money given to the banks has not financially restored the industry. Moreover, the idea of equity injection was implemented, with taxpayers as the...

  • Obama bailout program takes shape. Hoxter, Curtis J. // Caribbean Business;2/26/2009, Vol. 37 Issue 8, p14 

    The article discusses the core elements included in U.S. President Barack Obama's bailout program which is supported by the Treasury. One element is a new Capital Assistance Program to help ensure U.S. banking institutions have sufficient capital to resist the challenges ahead. Also included are...


Read the Article


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

Try another library?
Sign out of this library

Other Topics