Description
Discover Financial, which operates the Discover Card, was approved by the Fed to become a bank holding company in Dec. 2008 in order to qualify for TARP funds.
Eye on the Bailout
Discover Financial Services
Riverwoods, Ill.
| Committed: | $1,224,558,000 | ||||
| Disbursed: | $1,224,558,000 | Returned: | $0 | Revenue to Gov't: | $41,158,754 |
| Net Outstanding: | $1,183,399,246 | ||||
Jump to listing of transactions
| 0.2% | of all bailout funds committed. |
| 1% | of the Financial Services Company industry bailout. |
Map: Corporate headquarters of Discover Financial Services.
See all recipients in Illinois
Events
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$1.2B
Mar 13, 2009 Purchase - Preferred Stock w/ Warrants
Part of the Capital Purchase Program
More info from online.wsj.com
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$10.5M
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of the Capital Purchase Program
-
$15.3M
Aug 17, 2009 Dividends Paid in Aug. 2009
Part of the Capital Purchase Program
-
$15.3M
Nov 16, 2009 Dividends payment
Part of the Capital Purchase Program
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 11/16/2009 | Dividend | $15,306,975 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $15,306,975 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $10,544,804 | CPP | Dividends Paid Through 5/31/2009 |
| 03/13/2009 | Purchase | $1,224,558,000 | CPP | Purchase - Preferred Stock w/ Warrants |
For our blog, resources and more, see our main bailout page.
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Adding Up the Financial Rescue: Fall Edition 10/2
Why Authorities Haven’t Stopped the Foreclosure ‘Rescue’ Boom 9/24
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