Treasury may accelerate TARP bank exits

The Special Inspector General for the Troubled Asset Relief Program (TARP) warned the Treasury Department that it should come up with a "clear TARP exit" plan to help small banks get out the federal.

The stress of TARP money: Passing the test does not end compliance concerns. On May 7, the Treasury released the results of the. banks had to raise an additional $75 billion in capital (New York Times, May 8, 2009, A1). Bank of America at $33.9 billion, Wells Fargo at $13.7 billion, and Citigroup at $5.5 billion were the

AIG Relief Tab Around $30B, Treasury Says Treasury Department said it expects the combined costs of the Troubled Asset Relief Program and other aid to American International Group will be "about.

 · But while repaying TARP loans is a no-brainer, dealing with the stock purchase warrants that the firms issued to compensate taxpayers could be messy. The warrants give Treasury the right to buy a bank’s shares within 10 years, and are to be liquidated by Treasury once a bank repays its TARP.

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The Treasury could also auction off its TARP investments to private equity firms or push community banks to merge. In fall 2008, President George W. Bush signed into law the plan to inject $205.

Treasury: 99% of TARP investments paid back.. Treasury may accelerate tarp bank exits. Jon Prior was a reporter with HousingWire through late 2012. Recent Articles by Jon Prior.

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 · Bank of America In Talks for More Bailout Funds.. as did a U.S. Treasury spokeswoman. NEW URGENCY FOR TARP.. common equity – TARP may not be enough.” Bank of America and Merrill Lynch.

Investors may not actually believe the lie, but they are impressed by how. But within days of passage, the Fed and the Treasury unilaterally. with a “plan for exit of government intervention” implemented “as quickly as possible.”. As long as banks held TARP money, they were barred from paying out big.

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The Treasury has been accelerating its exit from TARP, auctioning off shares it holds in dozens of banks since April and selling a big chunk of its stake in insurer American International Group Inc..

Regent Bank’s agreement with the U.S. Treasury to exit the bailout program resulted in a multi-million dollar loss to taxpayers. Regent Bancorp, the parent of the Davie-based bank, recently.

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