Live revision! Join us for our free exam revision livestreams Watch now


Bank Bailout

A bank bailout is a financial assistance provided by the government to a bank or financial institution that is experiencing financial difficulties, such as bankruptcy or the risk of bankruptcy. The main goal of a bank bailout is to prevent the failure of the bank, which could have serious negative consequences for the economy, such as a credit crunch or a financial crisis.

There have been several bank bailouts in recent history, including:

  1. The Troubled Asset Relief Program (TARP) in the United States: This program was implemented in 2008 during the global financial crisis to provide financial assistance to banks and other financial institutions.
  2. The bailout of the Irish banking system in 2008: During the global financial crisis, the Irish government provided financial assistance to its troubled banks to prevent their failure.
  3. The bailout of the Greek banking system in 2015: The Greek government received financial assistance from the European Union and the International Monetary Fund to bail out its troubled banks.
  4. The bailout of the Spanish banking system in 2012: The Spanish government received financial assistance from the European Union to bail out its troubled banks.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.