Of the companies that took TARP money and owe the Treasury a quarterly installment, most have paid on schedule—but the number of banks missing deadlines is on the rise.
Small banks at risk
Twelve banks have missed three straight payments. The delinquent institutions tend to be small and regional. Many giants, like Goldman and B of A, have paid off their TARP loans fully. An exception is CIT Group, which got $2.3 billion and filed for bankruptcy Nov. 1.