Discover Financial Services
Discover Financial Services returned its bailout funds on Apr. 21, 2010
| Disbursed | $1,224,558,000 |
| Returned | $1,224,558,000 |
| Revenue to Gov't | $239,690,844 |
| Profit | $239,690,844 |
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Map: Corporate headquarters of Discover Financial Services.
Riverwoods,
Ill.
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About This Project
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
Discover Financial, which operates the Discover Card, was approved by the Fed to become a bank holding company in Dec. 2008 in order to qualify for TARP funds.
Events
-
$172M Revenue
Jul. 7, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$11M Revenue
Apr. 21, 2010 Dividends payment
Part of Capital Purchase Program -
$1B Payback
Apr. 21, 2010 Repayment
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$15M Revenue
Feb. 16, 2010 Dividends payment
Part of Capital Purchase Program -
$15M Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$15M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$11M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$1B Bailout
Mar. 13, 2009 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from online.wsj.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/07/2010 | Warrant | $172,000,000 | CPP | Warrant Proceeds |
| 04/21/2010 | Refund | $1,224,558,000 | CPP | Repayment |
| 04/21/2010 | Dividend | $11,225,115 | CPP | Dividends payment |
| 02/16/2010 | Dividend | $15,306,975 | CPP | Dividends payment |
| 11/16/2009 | Dividend | $15,306,975 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $15,306,975 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $10,544,804 | CPP | Dividends Paid Through 5/31/2009 |
| 03/13/2009 | Purchase | $1,224,558,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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