What banks were bailed out in 2008?
During the global financial crisis of 2008, the U.S. government implemented the Troubled Asset Relief Program (TARP) and executed emergency financial interventions to rescue numerous collapsing financial institutions. Major institutions that received massive direct federal bailouts or government-backed rescues include Citigroup, Bank of America (following its absorption of Merrill Lynch and Countrywide), Wells Fargo (via Wachovia assistance), JPMorgan Chase (via Bear Stearns support), Goldman Sachs, Morgan Stanley, and American International Group (AIG). These sweeping government injections of capital and liquidity prevented a total collapse of the global financial architecture.
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NatWest is not an American bank, but rather a historic British financial institution headquartered in London, England.
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