TITLE

Report: 390 Banks Stuck in Tarp Need an Exit Strategy

AUTHOR(S)
Wack, Kevin
PUB. DATE
October 2011
SOURCE
American Banker;10/27/2011, Vol. 176 Issue 166, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a report from the U.S. Special Inspector General for the Troubled Asset Relief Program (Tarp). The report recommends the Treasury Department create an exit strategy for the 390 community banks that remain in Tarp because many are not paying the dividend or interest owed to the federal government.
ACCESSION #
67005852

 

Related Articles

  • Some Small Banks Taking To Tarp, Despite Baggage. Fajt, Marissa // American Banker;6/26/2009, Vol. 174 Issue 122, p1 

    The author reports on the opinions of small banks regarding the U.S. Troubled Asset Relief Program (TARP). The author states that many small banks see TARP as a way in which to receive capital that they can use to fund loans. Changes that have been made by the U.S. Treasury Department in regards...

  • For Some, Getting Out of Tarp May Mean Getting Bought Out. Davidson, Kate // American Banker;1/3/2011, Vol. 176 Issue 1, p1 

    The article discusses the plight of small banks struggling to pay back government loans they received through participation in the U.S. Treasury Department's Troubled Asset Relief Program (TARP). In many instances these bank are unable to either pay TARP dividends or raise the capital required...

  • SIGTARP: TARP COMMUNITY BANKS FACE UPHILL BATTLE.  // Pratt's Bank Law & Regulatory Report;2011, Vol. 17 Issue 11, p6 

    The article focuses on the report of the Special Inspector General for the Trouble Asset Relief Program (SIGTARP) which outlines the need for the U.S. Department of Treasury to develop a Troubled Relief Program exit for community banks. The report notes the needed exit of community banks from...

  • Treasury to Auction Stakes in Flagstar, Six Other Banks. Cumming, Chris // American Banker;3/11/2013, Vol. 178 Issue 37, p6 

    The article reports that the U.S. Department of the Treasury will conduct an auction to sell its holdings of stock in seven community banks including Flagstar Bancorp, Old Second Bancorp and Alliance Bancshares which it purchased as part of the Troubled Asset Relief Program (TARP).

  • STILL STUCK ON TARP. Snyder, Naomi // Bank Director;2012 3rd Quarter, Vol. 22 Issue 3, p21 

    The article discusses the outcome of the U.S. Treasury Department's Troubled Asset Relief Program (TARP). It discusses what happens to TARP banks in the Capital Purchase Program when annual dividends rate on the preferred stock increases. It explains why community banks are the ones struggling...

  • Congressional Oversight Panel Concludes TARP Repayment More Difficult for Small Banks.  // Secured Lender;Sep2010, Vol. 66 Issue 6, p14 

    The article discusses a report issued by a panel established by the U.S. Congress to conduct oversight on the Treasury Department's Troubled Asset Relief Program (TARP). The report revealed that smaller banks that were TARP fund recipients may experience difficulties in repaying the money,...

  • GETTING IT RIGHT. Sloan, Allan // Fortune International (Asia);6/22/2009, Vol. 159 Issue 12, p74 

    The article analyzes the decision of the U.S. Treasury Department to not purchase troubled assets through the $700 billion Troubled Asset Relief Program (TARP). It reports that the Treasury Department used the fund to acquire preferred stock in banks to boost their capital. The Public-Private...

  • B of A Returns $45B to Treasury Dept. Hopkins, Cheyenne // American Banker;12/10/2009, Vol. 174 Issue 220, p16 

    The article discusses the move by Bank of America Corp. (B of A) to repay the final $45 billion portion it received under the U.S. Troubled Asset Relief Program. The total funds returned by B of A total $116 billion. According to the author banks are eager to repay the U.S. Treasury Department...

  • Six banks that owe walk TARP tightrope. Mclaughlin, Kathleen // Indianapolis Business Journal;7/23/2012, Vol. 33 Issue 21, p3 

    The article reports on the push of the U.S. Treasury on community banks in Indiana to repay their debt provided under the Troubled Asset Relief Program (TARP). It notes that this could be good news for banks with strong balance sheets as they could take it as an opportunity to buy back their...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics