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Bailouts

TARP Banks at Risk of Failure

Nearly 100 show signs of distress.

The bonuses may be flowing again at the biggest banks on Wall Street, but some smaller banks are still in trouble. According to The Wall Street Journal, 98 banks that received TARP bail-out funds are at risk of failure. These banks received a total of $4.2 billion in TARP funds, and received a median bailout of $10 million. The number of troubled banks is up 13 from the last time the Journal counted; meanwhile, the FDIC’s list of troubled banks grew to 814 from 729 at the end of the second quarter.

Read it at The Wall Street Journal

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