tarp
Discover Bank did not receive a bailout during the financial crisis. Unlike many other financial institutions, Discover was able to remain solvent and did not participate in the Troubled Asset Relief Program (TARP) or similar government assistance programs. As a result, the bank operated independently without federal bailout funds.
HSBC did not receive bailout funds. However, AIG is strongly connected to HSBC, and AIG accepted the TARP money. This contributed a significant amount to HSBC.
Yes, JPMorgan Chase repaid the federal bailout it received during the 2008 financial crisis. The bank returned the funds it received through the Troubled Asset Relief Program (TARP) in June 2009, along with interest. By repaying the bailout early, JPMorgan Chase aimed to restore its independence and reduce government oversight.
No they did not.
tarp
yes What was the total amount of money that Discover Bank received from the Economic Stimulus (bailout) plan?
No, they have not received any TARP funds or any other Federal funds.
Discover Bank did not receive a bailout during the financial crisis. Unlike many other financial institutions, Discover was able to remain solvent and did not participate in the Troubled Asset Relief Program (TARP) or similar government assistance programs. As a result, the bank operated independently without federal bailout funds.
HSBC did not receive bailout funds. However, AIG is strongly connected to HSBC, and AIG accepted the TARP money. This contributed a significant amount to HSBC.
Yes, JPMorgan Chase repaid the federal bailout it received during the 2008 financial crisis. The bank returned the funds it received through the Troubled Asset Relief Program (TARP) in June 2009, along with interest. By repaying the bailout early, JPMorgan Chase aimed to restore its independence and reduce government oversight.
No they did not.
When General Motors took the bailout under TARP, they had to restructure and streamline their operation in order to be granted the government bailout. Likewise, Hummer was eliminated and Saab was sold under the bailout restructuring. Long and short, it was just a brand that GM determined was expendable at a time when they were facing bankruptcy.
GMAC/Ally Bank received $16.28 Billion. It has not paid any of back yet. If you want to go to a bank that did not take TARP money I suggest FNBO Direct. If you want to go to a bank with high rates on savings accounts I suggest American Express bank, which received TARP money, but paid it all back.
yes
Some American investment banks that took TARP money include the Bank of New York Mellon, Capital One Financial Bank, State Street Bank, and Northern Trust Bank.
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.