CBS Investment

The day of the final payment came for ten American banks: paying 68 billion U.S. dollars, they gained freedom. Thus, returning the dept of the government financial help within the program of TARP (Troubled Asset Relief Program), these banks are again out of the United States Government control. However, there is much less pleasant news for the financial industry: the ratings of 18 U.S. banks have dropped. Experts predict tough times also for the European banks.

The U.S. government implemented payments through TARP program after the bankrupt of Lehman Brothers shocked the financial markets last fall. 125 billion U.S. dollars were allocated in order to help major banks, which had to be sufficient during the current economic crisis.

The past year was very difficult for the world financial system. Banks of most of the world’s developed and developing countries suffered huge losses, and in some cases, it took even the intervention of the authorities in order to prevent their bankruptcy and collapse of the banking system, transmits Reuters.

Of course, large-scale crisis plans of the authorities had their effect, and investors are gradually beginning to return their confidence. But some experts warn that the crisis is not yet finished, and soon many banks will have to write off their assets. This is particularly true of European banks, underscore the market participants.