TARP Profits to the U.S. Treasury

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In a post last month, I discussed about the success of the Troubled Asset Recovery Program (TARP) to the U.S. By July of this year, the US government had received $22.7 billion in interest, dividends, sale of warrants, stocks and other income.

The graphic below shows that the TARP has been profitable to the U.S. Treasury and the top 1o firms that have paid the most money:

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tarp-profits-to-us.jpg

Source: Bloomberg BusinessWeek

Bank of America(BAC), Wells Fargo(WFC), JPMorgan Chase(JPM), Goldman Sachs(GS), Morgan Stanley(MS), Hartford Financial(HIG), PNC Financial Services(PNC) have all fully repaid their TARP loans.

USA vs. UK: Government Finances and Size of Economy

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The graphic below shows a comparison of the government finances and the size of the economies of the US and UK:

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USA-UK-government-finances-comparison

Source: The New York Times

While the UK has higher government revenues as a percentage of GDP than the US, in terms of debt and spending the UK and the US do not have much difference. It must be noted that the UK was the worst affected country in the financial crisis after the US.

Related:

China vs. USA – A Comparison of Government Finances and the Economy

China vs. India: Economy and Government Finances 

The Soundest Banks of the World

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The 25 Soundest Banks of the World based the highest capital-asset ratios (CAR) in 2009 are listed below:

Soundest-Banks-Global

Source: The Banker

Smaller banks dominate this list from both the developed and emerging countries. 18 of the 25 banks shown above are from emerging markets underlining the conservative business practices of banks in emerging markets. Electro Banque of France topped the list with a CAR of 87.7% compared to just 6% to 7% of the world’s biggest banks. San Mateo,California-based investment manager Franklin Resources Inc. (BEN) takes the top 3rd spot with a CAR of 54.60%.

Top 25 Chinese Banks based on Tier 1 Capital

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The Top 25 Chinese Banks based on Tier 1 Capital in 2009 are listed below. This ranking is part of the annual World’s Top 1000 Banks published by the influential The Banker magazine based in London,UK.

Top-25-China-Banks

Source: The Banker

Note: The Tier 1 Capital is in $ millions.

The top bank in China is Industrial Commercial Bank of China (ICBC) which also ranked as the 7th best bank in the global ranking. The four new entrants in the list above are Ping An Bank, Guangzhou Rural Commercial Bank, Evergrowing Bank and Bank of Hangzhou. Some of the banks that trade on the OTC markets in the U.S. are Bank of China (BACHY),China Construction Bank Corporation (CICHY), China Merchants Bank (CIHKY) and Industrial and Commercial Bank of China (IDCBY).