Feb 11 Hypo Real Estate HRXG.DE on Wednesday
again went to the German government bailout program for help. It
is just one in a long list banks getting aid.
Following are details about major bank bailouts since
Feb. 11 -- Hypo Real Estate HRXG.DE says it will take
another 10 billion euros ($13 billion) in guarantees from
Germany's bank rescue fund, bringing its total to 52 billion.
Jan. 8 -- Commerzbank (CBKG.DE) says the government will
take a stake of 25 percent plus one share and the bank will get
18.2 billion euros in state capital and 15 billion in
Dec. 1 -- State of Bavaria says it will inject 10 billion
euros into BayernLB BLGGgg.F and bank will get 20 billion
euros of state guarantees.
Sept. 29 -- Germany agrees to give Hypo Real Estate the bulk
of 35 billion euros in credit guarantees.
Nov. 3 -- Government buys 99.8 percent of Kommunalkredit
KKAT.UL for a nominal sum and says it will inject fresh
capital. It takes 49 percent stake in Franco-Belgian group Dexia
(DEXI.BR) and 50.8 percent stake in Oesterreichische Volksbanken
AG OTVVp.VI for 1 euro each.
BELGIUM, FRANCE, LUXEMBOURG & NETHERLANDS:
Jan. 30 -- BNP Paribas, Belgium and Fortis agree on
revisions to the deal to carve up Fortis FOR.BR. BNP Paribas
(BNPP.PA) is to take a 10 percent stake in Fortis Insurance
Belgium. It is to buy 75 percent of Fortis Bank Belgium and 16
percent of Fortis Bank Luxembourg, as agreed in October.
Oct. 5 -- BNP Paribas takes control of the Belgian and
Luxembourg businesses of Fortis, which will make Belgium the
French bank's biggest shareholder.
Sept. 29 -- The Belgian, Dutch and Luxembourg governments
agree to inject 11.2 billion euros into Fortis. Each government
is to take a 49 percent stake in the Fortis banks in their
September -- Belgian, French and Luxembourg governments and
shareholders pledge 6.4 billion euros to bail out Dexia.
Nov. 28 -- Government buys 58 percent stake in Royal Bank of
Scotland (RBS) (RBS.L) for 15 billion pounds.
Oct. 13 -- Announces plans to give RBS, Lloyds TSB (LLOY.L),
and HBOS a 37 billion pound cash injection and take equity
stakes in each of the banks
Sept. 29 -- Nationalises Bradford & Bingley, saying the
Treasury will take over its 50 billion pound mortgage portfolio,
and will sell its deposits and branches to Spanish bank
Sept. 22 -- Central bank steps in to secure liquidity at Ebh
Jan. 27 -- Government says it will spend up to 5 billion
euros to boost banks' capital through buying preferred shares.
National Bank (NBGr.AT) is to get a capital boost of 350 million
euros, EFG Eurobank EFGr.AT and Alpha Bank (ACBr.AT) 950
million each, Piraeus Bank (BOPr.AT) 370 million and ATEbank
AGBr.AT 675 million.
Oct. 9 -- Takes control of Kaupthing
Oct. 7 -- Takes control of Landsbanki
Sept. 29 -- Agrees to buy a 75 percent stake in Glitnir for
600 million euros ($878 million)
Jan. 15 -- Government nationalises Anglo Irish Bank. Ireland
agreed in December to inject an initial 1.5 billion euros of
core Tier 1 capital via preference shares for 75 percent of all
voting rights in the bank.
Feb. 2 -- Government says it will buy 78.14 percent stake in
top bank BTA BTAS.KZ and is looking to rescue No.4 bank
Alliance Bank ALLBq.L by buying a 76 percent stake and putting
$200 million deposit in to boost liquidity.
Feb. 5 -- Russia says it will spend at least another 400
billion roubles ($11.14 billion) helping banks and is to inject
200 billion roubles into VTB (VTBR.MM). Sberbank SBER03.MM may
also get money.
Jan. 16 -- Government gives Bank of America Corp (BAC.N) a
$20 billion bailout and a guarantee for about $100 billion of
potential losses on toxic assets.
Nov. 23 -- Announces rescue package for Citigroup Inc (C.N),
agreeing to shoulder most losses on about $306 billion in risky
assets. Another $20 billion of new capital is offered the
Oct. 14 -- Announces plans to take equity stakes worth up to
$250 billion in financial institutions, with half going to
Citigroup Inc, JPMorgan Chase (JPM.N), Morgan Stanley (MS.N),
Goldman Sachs Group (GS.N), Bank of America Corp, Merrill Lynch
& Co, Wells Fargo & Co (WFC.N), State Street Corp (STT.N) and
Bank of New York Mellon Corp (BK.N).
(Writing by Jijo Jacob and David Cutler; editing by Karen