Subsidies don't have to be in the form of hard currency. They can be "tax expenditures" or something else. Ask the banks. According to Bloomberg,
These six banks -- Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc., (GS) JPMorgan Chase & Co. (JPM), Morgan Stanley (MS) and Wells Fargo & Co (WFC). -- have also benefited from tax breaks and Federal Reserve largesse since the end of 2008 in the form of additional income from the central bank’s mortgage-bond purchases and the interest it pays for bank deposits.
All told, the financial advantages for the six biggest banks since the start of 2009 amounted to at least $102 billion, according to data compiled by Bloomberg.
“The big banks have the taxpayers standing behind them, so people who lend them money know they’ll be paid back,” says Cornelius Hurley, director of the Center for Finance Law & Policy at Boston University and former assistant general counsel at the Fed. “That too big to fail no longer exists is not credible.”
No Lehman Moments as Biggest Banks Deemed Too Big to Fail - Businessweek
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