Subsidy Tracker: Industry Summary Page

Major Industry: 
financial services
Subsidy Total: 
$11,316,314,823
Number of Awards: 
13,049
Time Period: 

Earliest year of data: 1988. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this industry are for the period since 2010.

Notes: 

The dollar total above adjusts for the fact that there is an overlap between the amounts in one or more Megadeal entries and those of one or more of the other entries. The total includes only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. Dollar totals do not include awards for which no subsidy value is disclosed.


Top 10 Parent CompaniesTotal Subsidy $Number of Awards
JPMorgan Chase$1,578,217,495108
Goldman Sachs$796,696,59913
Bank of America$689,071,182133
Wells Fargo$580,431,58469
Citigroup$504,762,02862
Prudential Financial$460,613,74119
Ocwen Financial$434,717,8726
Morgan Stanley$408,363,04943
H&R Block$369,355,6678
Schupp & Grochmal$313,750,0001


Individual Subsidy Records:

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Company Parent Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
JPMorgan Chase subsidiaries JPMorgan Chase United States federal 2009 $435,330,481 federal grant
Goldman Sachs Goldman Sachs New York state 2005 $425,000,000 MEGADEAL
Bank of America N.A. Bank of America United States federal 2009 $417,097,130 federal grant
Wells Fargo Bank, NA Wells Fargo United States federal 2009 $402,890,731 federal grant
H&R Block H&R Block Missouri multiple 2004 $341,317,824 MEGADEAL
Schupp & Grochmal, LLC Schupp & Grochmal Connecticut state 2007 $313,750,000 tax credit/rebate
Schupp & Grochmal, LLC Schupp & Grochmal Connecticut state 2007 $313,750,000 MEGADEAL
Ocwen Financial Corporation, Inc. Ocwen Financial United States federal 2009 $306,403,151 federal grant
Chase Manhattan (now JPMorgan Chase) JPMorgan Chase New York multiple 1988 $235,000,000 MEGADEAL
JP Morgan Chase Bank JPMorgan Chase New Jersey state 2014 $224,835,000 MEGADEAL
JPMorgan Chase Bank, N.A. JPMorgan Chase New Jersey state 2014 $224,835,000 tax credit/rebate
Sayreville Seaport Associates LP (majority-owned by Prudential) Prudential Financial New Jersey state 2014 $223,277,590 MEGADEAL
Prudential Financial Inc. Prudential Financial New Jersey state 2012 $210,828,357 tax credit/rebate
Prudential Financial Prudential Financial New Jersey state 2012 $210,828,357 MEGADEAL
Zurich Reinsurance Centre Holdings Inc. SCOR Connecticut state 1997 $190,000,000 MEGADEAL
JPMorgan Chase Bank, N.A. JPMorgan Chase New Jersey state 2015 $187,800,000 MEGADEAL
Texas Gulf Wind LLC Babcock & Brown United States federal 2009 $178,004,264 federal grant
New York Mercantile Exchange (now owned by CME Group) CME Group New York multiple 1994 $168,000,000 MEGADEAL
Goldman Sachs Group, Inc. or nominee Goldman Sachs New Jersey state 2000 $164,336,000 grant
Goldman Sachs Goldman Sachs New Jersey state 2002 $164,300,000 MEGADEAL
Cleco Power, LLC Macquarie Louisiana state 2010 $163,002,297 property tax abatement
Cleco Power Macquarie Louisiana local 2010 $163,002,297 MEGADEAL
MasterCard International MasterCard Missouri multiple 2009 $160,000,000 MEGADEAL
Swiss Bank Corp. (now UBS) UBS Connecticut multiple 1994 $150,000,000 MEGADEAL
Select Portfolio Servicing Select Portfolio Servicing United States federal 2009 $134,755,514 federal grant
ICAP North America ICAP New Jersey state 2002 $127,107,428 MEGADEAL
Faustina Hydrogen Products Goldman Sachs United States federal 2010 $121,660,000 federal allocated tax credit
CitiMortgage, Inc. Citigroup United States federal 2009 $120,662,342 federal grant
Dowling & Partners Dowling & Partners Connecticut state 2001 $119,275,000 tax credit/rebate
Dowling & Partners Dowling & Partners Connecticut state 2001 $119,275,000 MEGADEAL
Harbor Point Development Group JPMorgan Chase Maryland local 2013 $107,000,000 MEGADEAL
Prudential Securities (now part of Wells Fargo) Wells Fargo New York state 1992 $106,200,000 MEGADEAL
MetLife MetLife North Carolina multiple 2013 $101,100,000 MEGADEAL
Greenwich Capital Markets Inc. n/k/a RBS Securities Inc. Royal Bank of Scotland Connecticut state 2007 $100,000,000 tax credit/rebate
Royal Bank of Scotland (RBS Greenwich Capital) Royal Bank of Scotland Connecticut state 2005 $100,000,000 MEGADEAL
GMAC Mortgage, Inc. Ally Financial United States federal 2009 $96,393,231 federal grant
Homeward Residential, Inc. Ocwen Financial United States federal 2009 $94,837,607 federal grant
Depository Trust Depository Trust New Jersey state 2009 $90,000,000 MEGADEAL
Citicorp (now Citigroup) Citigroup New York local 1989 $90,000,000 MEGADEAL
Nationstar Mortgage LLC Nationstar Mortgage United States federal 2009 $88,779,613 federal grant
MetLife Group,Inc. MetLife North Carolina state 2013 $87,271,500 grant
Fidelity Investments Fidelity Investments North Carolina multiple 2006 $87,200,000 MEGADEAL
Chase Manhattan Bank, NA JPMorgan Chase New York local 1989 $79,165,578 tax credit/rebate; property tax abatement
RBC Capital Markets Royal Bank of Canada New Jersey state 2014 $78,750,000 MEGADEAL
RBC Capital Markets, LLC Royal Bank of Canada New Jersey state 2014 $78,750,000 tax credit/rebate
Chase Manhattan Bank, NA JPMorgan Chase New York local 1989 $77,581,945 tax credit/rebate; property tax abatement
Bear Stearns (now JPMorgan Chase) JPMorgan Chase New York multiple 1997 $75,000,000 MEGADEAL
Northington Partners Northington Partners Connecticut state 2001 $75,000,000 tax credit/rebate
Northington Partners Northington Partners Connecticut state 2001 $75,000,000 MEGADEAL
Depository Trust & Clearing Corp. & affiliates Depository Trust New Jersey state 2009 $74,624,000 grant
Fidelity Global Brokerage Group Fidelity Investments North Carolina state 2006 $72,803,000 grant
Lord Abbett Lord Abbett New Jersey state 1998 $70,679,638 MEGADEAL
Morgan Stanley Group, Inc. Morgan Stanley New York local 2009 $63,995,122 tax credit/rebate; property tax abatement
Farmers Group, Inc. Zurich Insurance Michigan state 2009 $62,594,000 tax credit/rebate
REMY, INC. Fidelity National Financial United States federal 2010 $60,200,000 federal grant
Morgan Stanley Group, Inc. Morgan Stanley New York local 2008 $58,316,436 tax credit/rebate; property tax abatement
Citigroup Global Markets, Inc. and Citibank, N.A. Citigroup New Jersey state 2004 $57,224,400 grant
Citigroup Global Markets, Inc. and Citibank, N.A. Citigroup New Jersey state 2004 $57,224,400 MEGADEAL
Vanguard Group Vanguard Group Pennsylvania state 2000 $55,500,000 MEGADEAL
Morgan Stanley & Co. Incorporated Morgan Stanley New York state 2015 $52,000,000 MEGADEAL
CS First Boston Credit Suisse New York local 1995 $50,500,000 MEGADEAL
Northwestern Mutual Life Insurance Northwestern Mutual Wisconsin local 2013 $50,500,000 MEGADEAL
Oppenheimer Oppenheimer Holdings New York local 2008 $50,341,132 tax credit/rebate; property tax abatement
Northwestern Mutual Life Insurance Co. Northwestern Mutual Wisconsin local 2013 $50,000,000 tax increment financing
Goldman Sachs Goldman Sachs Utah state 2010 $47,283,409 tax credit/rebate
UBS Warburg UBS Connecticut state 2001 $46,000,000 grant/loan hybrid program
Pocahontas Prairie Wind LLC Citigroup United States federal 2012 $41,336,886 federal grant
BANK OF NEW YORK Bank of New York Mellon New York local 2002 $40,000,000 grant
Barclays Services Corporation (1) Barclays New Jersey state 2017 $40,000,000 tax credit/rebate
DB Services New Jersey, Inc. Deutsche Bank New Jersey state 2006 $39,520,000 grant
Saxon Mortgage Services, Inc. Morgan Stanley United States federal 2009 $39,413,598 federal grant
Citicorp North America Inc Citigroup Ohio local 2006 $39,200,000 tax credit/rebate
Citigroup Global Markets, Inc. and Citibank, N.A. Citigroup New Jersey state 2006 $37,104,000 grant
Morgan Stanley Group, Inc. Morgan Stanley New York local 1993 $36,300,899 tax credit/rebate; property tax abatement
Deutsche Bank / Americas Holding Corp. and Taunus Corporation Deutsche Bank New York local 2003 $34,500,000 grant
Morgan Stanley Group, Inc. Morgan Stanley New York local 1993 $34,296,067 tax credit/rebate; property tax abatement
New York Life Insurance Company New York Life Insurance New Jersey state 2015 $33,895,750 tax credit/rebate
Brea Power II, LLC Macquarie United States federal 2013 $32,353,548 federal grant
Merrill Lynch & Co., Inc. Bank of America New Jersey state 2000 $31,096,800 grant
Quicken Loans, Inc. Quicken Loans Michigan state 2009 $29,149,000 tax credit/rebate
The Chubb Corporation Chubb Limited New Jersey state 2010 $28,956,550 Tax credit/rebate
Zurich American insurance Company Zurich Insurance New Jersey state 2016 $28,260,000 tax credit/rebate
UBS Financial Services Inc., UBS Services USA LLC UBS New Jersey state 2000 $28,238,750 grant
Litton Loan Servicing LP Ocwen Financial United States federal 2009 $27,530,414 federal grant
BA Leasing BSC, LLC Bank of America United States federal 2014 $27,188,013 federal grant
LaSalle Street Capital, Inc. Bank of America Illinois local 2003 $27,037,699 tax increment financing
UBS Financial Services and related entities UBS New Jersey state 2012 $27,000,000 tax credit/rebate
Citicorp Credit Services, Inc. (USA) Citigroup Kentucky state 2002 $26,735,150 tax credit/rebate
U.S. Bank National Association U.S. Bancorp United States federal 2009 $26,046,129 federal grant
Greater Sandhill I, LLC Attn: David Berkowitz MetLife United States federal 2011 $25,369,340 federal grant
AMERICAN EXPRESS American Express New York local 2002 $25,000,000 grant
Goldman Sachs Goldman Sachs New York local 2005 $25,000,000 grant
Cantor Fitzgerald L.P. / CF Headquarters Corp. Cantor Fitzgerald New York local 2003 $23,531,952 grant
Broadridge Financial Solutions, Inc. Broadridge Financial Solutions New Jersey state 2016 $23,408,490 tax credit/rebate
Auto-Owners Insurance Auto-Owners Insurance Michigan state 2010 $23,168,000 tax credit/rebate
American International Group, Inc. American International Group New York local 1996 $23,048,585 tax credit/rebate; property tax abatement
American International Group, Inc. American International Group New York local 1996 $22,945,573 tax credit/rebate; property tax abatement
Paribas North America, Inc.and BNP Paribas RCC, BNP Paribas New Jersey state 2006 $22,704,910 grant
Principal Life Insurance Company Principal Financial Iowa state 2013 $22,543,216 tax credit/rebate
Liberty Mutual Insurance Company & Affiliates Liberty Mutual Insurance Massachusetts state 2010 $22,500,000 tax credit/rebate
Marsh & McLennan Companies, Inc. Marsh & McLennan New Jersey state 2016 $21,968,750 tax credit/rebate
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