TITLE

GETTING IT RIGHT

AUTHOR(S)
Sloan, Allan
PUB. DATE
June 2009
SOURCE
Fortune International (Asia);6/22/2009, Vol. 159 Issue 12, p74
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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 Investment Program (PPIP) which is on hold and the Fed-Treasury program are also tackled.
ACCESSION #
44029002

 

Related Articles

  • TROUBLED ASSET RELIEF PROGRAM: Status of Participants' Dividend Payments and Repurchases of Preferred Stock and Warrants.  // GAO Reports;7/9/2009, preceding p1 

    The article focuses on the Troubled Asset Relief Program (TRAP) and discusses the status of participants' dividend payments and repurchases of preferred stock and warrants. It is stated that according to TRAP, the U.S. Department of Treasury has the authority to purchase and insure through its...

  • Treasury to Auction Tarp Stock. Davidson, Kate // American Banker;3/16/2012, Vol. 177 Issue F311, p15 

    The article announces that the U.S. Treasury Department will auction off its preferred stock in six U.S. Troubled Asset Relief Program (TARP) banks on March 26, 2012, including Banner Corp., First Financial Holdings Inc., and Seacoast Banking Corp.

  • 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...

  • Banks Are Sold on Warrant Auctions. Monks, Matthew; Hopkins, Cheyenne // American Banker;2/19/2010, Vol. 175 Issue F307, p1 

    The article discusses the U.S. Treasury Department's auctioning of stock warrants that it took in Bank of America Corporation, Washington Federal Incorporated, Texas Capital Bancshares, and Signature Bank as part of the Troubled Asset Relief Program (TARP). According to the article, the Treasury...

  • 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,...

  • 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...

  • Company Spotlight: State Street Corporation.  // MarketWatch: Financial Services;Aug2009, Vol. 8 Issue 8, p25 

    The article profiles State Street Corp., a financial holding company in Boston, Massachusetts, which furnishes a range of products and services for institutional investors globally. It cites that the corporation has paid back the full amount of the U.S. Department of the Treasury's two billion...

  • Treasury to Sell Its Tarp Stakes in Six More Banks. Cumming, Chris // American Banker;2/6/2013, Vol. 178 Issue 20, p3 

    The article reports the U.S. Treasury Department plans to auction off $313 million in preferred stock and subordinated debt investments of six financial institutions that received bailouts from the Troubled Asset Relief Program (Tarp). The companies include Flagstar Bancorp, Ridgestone Financial...

  • Midwest's Revival Plan Takes Key Step Forward. Barba, Robert // American Banker;1/25/2010, Vol. 175 Issue 12, p1 

    The article reports that Midwest Banc Holdings Incorporated of Melrose Park, Illinois has announced that it persuaded over 80% of its preferred shareholders to convert to common shareholders. According to the article, while it still has credit problems, this exchange is considered essential in...

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