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TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

By Nick McMaster, Newser Staff

Posted Jul 30, 2009 12:52 PM CDT

(Newser) – The financial crisis and government bailouts did little to change Wall Street’s executive compensation habits, New York's attorney general says. All nine banks given assistance by TARP paid out bonuses in 2008—well before any paid back government loans, according to a survey ordered... Read full story »

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Citigroup • executive compensation • Bank of America • Goldman Sachs • Merrill Lynch • Andrew Cuomo • bonuses • bailout • Troubled Asset Relief Program • Wall Street bailout • TARP

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TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

Citigroup • executive compensation • Bank of America • Goldman Sachs • Merrill Lynch • Andrew Cuomo • bonuses • bailout • Troubled Asset Relief Program • Wall Street bailout • TARP

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More Newser Stories

To Spur Bank Execs to Act, Mess With Their Pay

Compensation limits have prompted swift TARP repayment

Bonuses at Morgan Stanley, JPMorgan, Goldman Hit $30B

Average payout will be five times median household income in US

NY AG May Claw Back $4B Merrill Bonuses

Cuomo expands probe into Merrill's handling of pre-takeover handouts

Bailed-Out Bank Execs Made $1.6B Last Year

Execs made average of $2.6 million; Merrill Lynch CEO made $83 million

Taxpayers Will Score $12B on Citigroup Bailout: Treasury

Government strikes deal to sell remaining 2.4B shares

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