Troubled Asset Relief Program (Tarp)
An inspector calls
Since his appointment last December, Tarp inspector Neil Barofsky has conducted a range of audits and investigations into sensitive issues – most recently condemning the US Treasury’s oversight of AIG’s compensation policies. He speaks to Mark Pengelly…
Warranting approval?
The US Treasury has come under fire for allowing banks to repurchase warrants held under its Troubled Asset Relief Program at a discount. Is the criticism justified? And what effect is an auction of JP Morgan's warrants likely to have? Mark Pengelly…
Stress on US banks rises in Q2
US banks face rising losses and continuing economic stress, with little reason for optimism in their second-quarter results, analysts say.
$1bn warrant auction design still undecided, US Treasury admits
Despite news of an impending auction of more than $1 billion of warrants on JP Morgan by the US Treasury, it remains unclear how any such auction would work.
Treasury gets bank assistance with warrant auction
The US Treasury has recruited at least one major bank to assist it with auctioning off warrants outstanding under the Troubled Assets Relief Program (Tarp), sources close to the situation told Risk .
Tarp supervisor finds Treasury's oversight is still inadequate
The US Treasury is still failing to protect its aid to US banks from fraud and misuse, according to the latest report from the special inspector general for the Troubled Assets Relief Program (Sigtarp).
Tarp inspector general calls for more clarity on banks' use of funds
The US Treasury's special inspector general for the Troubled Assets Relief Program (Tarp), Neil Barofsky, has called on the Treasury to force banks to report their use of the Tarp's bailout funds. But the Treasury is reluctant to do so.
Tarp warrant sales could drive down vol on financials
The US Treasury's plan to dispose of warrants in banks held under the Troubled Assets Relief Program (Tarp) could have a significant impact on the options market, according to analysts.
Lobby urges Geithner to delay consolidation rules
The US Financial Accounting Standards Board (FASB) is facing resistance to its plans to force banks to account for their links to off-balance-sheet vehicles, which could require them to raise billions more in Tier I capital.
Banks repay $68bn in Tarp funds to US Treasury
Ten of the largest US financial institutions that have received public funds under the Troubled Assets Relief Program (Tarp) scheme are to pay back $68 billion after they were approved to reimburse the funds to the federal government yesterday.
Treasury silent on Tarp as banks submit $75bn SCAP capital plans
The 10 financial institutions identified as requiring additional capital under the US Treasury's Supervisory Capital Assessment Program (SCAP) economic stress tests have submitted plans describing how they intend to raise almost $75 billion in funds to…
NY attorney-general delves into BoA-Merrill merger
Losses and Lawsuits
PPIP banks may be able to buy rivals' toxic assets
The US Treasury's behind-schedule Public-Private Investment Program (PPIP) could face difficulty in attracting banks to participate in the scheme, while policymakers are considering whether to allow banks to buy each other's assets.