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TARP in the US worked exactly the same way with the banks, BTW. Banks which took TARP money had their dividends reduced to a penny per share maximum until the
by jdmichal 7y ago
TARP in the US worked exactly the same way with the banks, BTW. Banks which took TARP money had their dividends reduced to a penny per share maximum until the money was repaid. Here you can see that for Bank of America, it took until 2014(!) for their dividend to go above that:
https://www.nasdaq.com/market-activity/stocks/bac/dividend-history https://www.nasdaq.com/market-activity/stocks/bac/dividend-h...