Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

As Banks Repay Bailout Money, U.S. Sees a Profit

Aug. 31, 2009
The profits, about $4 billion, have come from eight of the biggest banks that have fully repaid their bailout obligations to the government.
Related Stories from UPI.com

Banks lining up for bailout money

WASHINGTON, Nov. 4 (UPI) -- After a slow start, U.S. banks are starting to line up for a share of the $700 billion bailout program approved by Congress, Treasury officials say.

Merkel urges banks to accept bailout help

BERLIN, Nov. 1 (UPI) -- German Chancellor Angela Merkel said banks should take advantage of a $637 billion government bailout plan few have availed themselves of so far.
Bailed out firms are doling out dividends

Bailed out firms are doling out dividends

WASHINGTON, Oct. 30 (UPI) -- A large share of the U.S. federal bailout funds allocated to banks will end up in the hands of the banks' shareholders, much to Sen. Charles Schumer's dismay.

Banks may hoard bailout funds

NEW YORK, Oct. 17 (UPI) -- Bailout money meant to provide movement in the U.S. financial system may end up sitting still for a while, various bankers said.
1 of 20
Vietnam Veterans Memorial Visited in Washington
View Caption
Veterans etch the names of their friends inscribed on the Vietnam Veterans Memorial on the 50th anniversary of the Vietnam War on May 26, 2012 in Washington, DC. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. UPI/Pat Benic