Fed ID's companies that used crisis aid programsBy JEANNINE AVERSA
Dec. 01, 2010
IRS Launches Investigation Of Clinton Foundation
France: Government Ordered Nice Police to Lie About Attack
WATCH: Julian Assange Mocks 'NSA D*ck Pic Guy' Who Claimed Russia Behind #DNCLeaks
VIDEO: Migrant Attacks Police at Frankfurt Airport in Germany
Germany: Muslims Threaten to 'Exterminate' Nudist 'Sluts'
WASHINGTON – The Federal Reserve revealed details Wednesday of trillions of dollars in emergency aid it provided to U.S. and foreign banks during the financial crisis.
New documents show that the most loan and other aid for U.S. institutions over time went to Citigroup ($2.2 trillion), followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bear Stearns ($960 billion), Bank of America ($887 billion), Goldman Sachs ($615 billion), JPMorgan Chase ($178 billion) and Wells Fargo ($154 billion).
Merrill Lynch was later acquired by Bank of America, while Bear Stearns collapsed and was sold to JPMorgan.
Foreign banks also benefited from the Fed's aid. They included Swiss bank UBS, which borrowed more than $165 billion, Deutsche Bank ($97 billion) and the Royal Bank of Scotland ($92 billion).