55 companies miss payment of TARP dividends: study
OPS_admin | Dec 26, 2009 | Comments 0
Fifty-five financial companies failed to pay dividends in November on money they borrowed from the U.S. government, bank research firm SNL said on Wednesday.
That number swelled from 33 companies that missed an August payment on government funds, according to an SNL analysis of government data.
The rising dividend deferrals signal that even as some banks are deemed healthy enough to repay the United States — Wells Fargo & Co (WFC.N), for example, said on Wednesday that it gave $25 billion back to the government — many others are struggling.
U.S. regulators have closed 140 banks this year, the most since 1992, as a real estate downturn and broader credit crunch have hobbled many banks' balance sheets.
Full Story 55 companies miss payment of TARP dividends: study – Yahoo! News.
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