(With Giovanni Dell'Ariccia, Deniz Igan, Paolo Mauro, Alexander Tieman, and Aleksandra Zdzienicka) We take stock of the costs of government interventions in the financial sector during the global financial crisis and track the assets still under government control. We build a new bank-level dataset on interventions and holding divestitures covering 1,114 financial institutions in 37 countries over the period 2007–17. At end-2017, few countries had fully divested their financial sector holdings. On average, public holdings were divested faster in more capitalized, profitable, and liquid banks. They remained higher in countries where private investment and credit growth grew slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less.