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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:
- 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.
- 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.
- 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.
- 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.
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Financial Times - Bank Failures in 2023
27th December 2023
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1.4.2 Government Failure (Edexcel)
Study Notes
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What was a NINJA loan?
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2023 Banking Crisis - Credit Suisse rescued by Swiss rival UBS
20th March 2023
