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RIM prepares for company overhaul as stock continues to drop

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Tarp News

T.A.R.P. aka the 'Wall Street Bailout' yields an 8.2% return

New York - Recent findings show that the $309 billion investment the government made in banks and insurance companies may have been proven to be a wise move.

In the Media by R. Francis Rubio - 4 comments

Former Park Avenue Bank President accused of defrauding TARP

New York - Former President of the small business financial institution Park Avenue Bank has been arrested and accused of defrauding the U.S. Troubled Asset Relief Program.

In the Media by Andrew Moran

Wall Street's Top Three Banks to Receive $49.5 in Bonuses

Despite creating the worst financial crisis since the Great Depression with deceptive, potentially fraudulent trading practices that have left Main Street in ruins, the top three Wall Street banks will be handing out $49.5 billion in bonuses

In the Media by Bill Lindner - 4 comments

Wells Fargo Announces Repayment of TARP Funds

Wells Fargo & Co confirmed on Monday that it is ready to repay the $25 billion it received from the U.S. government under the Troubled Asset Relief Program (TARP).

In the Media by Chris Dade

Op-Ed: Citigroup wants to repay TARP, Fed and markets not so sure

Citigroup, the world’s biggest financial convalescent, is trying to walk on its own by repaying the TARP money it received. It’s hoping to use re-capitalization from sales and a stock offering to cover the large hole in the operational capital.

In the Media by Paul Wallis

Slashing $200 billion From TARP

The White House is expected to announce they are prepared to slash $200 billion in TARP dollars. That freed up money would to be used to fund the creation of jobs.

In the Media by Michael Bearak

Bank of America to Repay TARP

Bank of America is preparing to pay back the $45 billion dollars it borrowed from the U.S. government as part of the Troubled Assessts Recovery Program (TARP).

In the Media by Michael Bearak

CIT's bankruptcy filing a $2.3 billion loss for U.S. taxpayers

CIT filed for Chapter 11 protection on Sunday in an effort to cut $10 billion in debt. The move will set the U.S. Treasury – and American taxpayers – back by $2.3 billion.

In the Media by Michael Krebs

Inspector General: U.S. TARP Could Cost $24 Trillion

After the financial collapse, the United States could see costs of $24 trillion for the financial bailouts, according to inspector general Neil Barofsky.

In the Media by Andrew Moran - 2 comments

Obama Administration Appoints Feinberg to Oversee Executive Pay

Those companies that have received assistance from the US Government under the Troubled Asset Relief Program (TARP) will now have the level at which they set the compensation for their top executives decided by a newly appointed Washington official.

In the Media by Chris Dade

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School tries warming tarps for cold-weather emergencies

Students at a Lockport, Man., school took part in a unique cold-weather fire drill on Tuesday, testing out tarps that could keep them warm in emergencies.

US bailout fund 'may make loss'

US taxpayers are unlikely to see a return on the $700bn Tarp rescue fund for financial sector, according to a report.