Pressure to Sell Grows for Banks with Bailout Debts
- 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,...
- 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...
- 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...
- 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...
- Let's benchmark TARP. Muralidhar, Arun // Pensions & Investments;3/9/2009, Vol. 37 Issue 5, p10
The article presents the views of the author followed by comments of several people posted on the web site www.Plonline.com, on the Troubled Asset Relief Program (TRAP) of the U.S. According to the author, the U.S. Department of the Treasury should apply a transparent benchmark to the TRAP....
- Tarp Funds for Housing Unspent. // American Banker;7/26/2012, Vol. 177 Issue 115, p2
The article states only 10 percent of the $46 billion allocated for homeowners under the Troubled Asset Relief Program (Tarp) has been spent, according to a report from the Special Inspector General for Tarp which criticized the Treasury Department.
- 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...
- Treasury to Sell Tarp Stakes. Witkowski, Rachel // American Banker;12/14/2012, Vol. 177 Issue F348, p3
The article gives information about the U.S. Treasury Department's plan to auction off the stakes it holds in seven banks that received bailouts from the Troubled Asset Relief Program (Tarp) including Hyperion Bank and Century Financial Services.
- Mid Penn Bancorp in Pa. Redeems Tarp Shares. Browdie, Brian // American Banker;12/31/2012, Vol. 177 Issue 198, p13
The article discusses the Mid Penn Bancorp Inc. (MPB) firm and its repayment of close to 10 million dollars to the U.S. Troubled Asset Relief Program (TARP) which has resulted in the MPB's redemption of the preferred stock that it issued to the nation's Treasury Department in December 2008
- 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).