Troubled Asset Relief Program Archives - CFO

Failed Bank’s COO Gets 8 Years for TARP Fraud

Risk & Compliance

Failed Bank’s COO Gets 8 Years for TARP Fraud

Regulator says Ebrahim Shabudin was so "fixated" on protecting United Commercial Bank's reputation that he hid millions of dollars in losses.

By Matthew Heller | September 2, 2015

Ex-Bank Exec Gets 30 Months for TARP Fraud

Risk & Compliance

Ex-Bank Exec Gets 30 Months for TARP Fraud

Charles Antonucci was convicted of misleading regulators about Park Avenue Bank's capitalization to obtain $11 million in government bailout funds.

By Matthew Heller | August 21, 2015

Ex-RBS Trader Pleads Guilty to CLO Fraud

Risk & Compliance

Ex-RBS Trader Pleads Guilty to CLO Fraud

“Fraud in the fixed income markets is a secret and unfair tax on investors everywhere,” said a U.S. attorney.

By Matthew Heller | March 12, 2015

Private Investors Profiting From TARP Auctions

Private Investors Profiting From TARP Auctions

Many community banks now owe TARP dividends to outside investors or have to buy back preferred shares at a premium.

By Katie Kuehner-Hebert | January 28, 2015

U.S. Treasury Denies GM and Ally Execs Were Overpaid

U.S. Treasury Denies GM and Ally Execs Were Overpaid

In 2013, the Treasury Department loosened compensation limits for the top 25 executives at GM and Ally Financial. But did it loosen them too much?

By Iris Dorbian | September 24, 2014

Ailing Credit Unions Draw Attention of TARP Watchdog

Ailing Credit Unions Draw Attention of TARP Watchdog

Eighty-three percent of the credit unions that received funds through the Community Development Capital Initiative still have not paid back Treasury.

By Vincent Ryan | June 10, 2014

For Small Banks, Life Fades Away

For Small Banks, Life Fades Away

Over the last 30 years, the number of U.S. banks has been cut in half. Regulators don't seem interested in preventing further contraction.

By Vincent Ryan | December 5, 2013