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Bank of America (BAC) To Repay Entire TARP Money

Thu, 03 Dec 2009 13:33:12 GMT

Bank of America Corporation (BAC) said on Wednesday that in a few days it will repay the entire $45 billion of bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year and after its purchase of Merrill Lynch & Co. earlier this year.[More...]

Lloyds To Raise 21 Billion Pounds In Biggest Rights Issue Ever

Tue, 03 Nov 2009 15:52:26 GMT

Lloyds are looking to avoid the embrace of government by going to existing shareholders to raise capital and sidestep the draconian break-up solution foisted upon RBS by Neelie Kroes. According to Bloomberg, this is the largest rights issue ever for a British company and equates to $34 billion.[More...]

5 C's Of Credit

Sun, 01 Nov 2009 16:01:18 GMT

Before the era of Frankenstein Finance and the fanatical focus on fee-based income, lenders tried to hold themselves out as models of probity (for the skeptics out there, I did say "try."). Those responsible for making credit-granting decisions and looking after the interests of shareholders also demanded that borrowers meet certain standards before they would see even a dime of their employers' money.[More...]

An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility

Mon, 26 Oct 2009 01:01:51 GMT

Although the main interests of the Federal Reserve are macroeconomic in nature, well-functioning financial markets are ancillary to good economic performance. Conversely, financial instability can compromise economic growth and price stability. Because of this intimate connection with economic performance, the Federal Reserve has a clear interest in promoting the stability of financial markets."[More...]

The Fed's Tri-Party Reverse What ...?

Wed, 21 Oct 2009 20:35:20 GMT

Much has been said recently about the Fed's activities in what the media refers to as "testing" of reverse repo transactions. This has caused a great deal of confusion because many have interpreted the "test" as a signal for the Fed to begin some sort of tightening.[More...]

Citi (C) May Need to Sell Off Banamex

Mon, 19 Oct 2009 21:23:56 GMT

Citigroup Inc. (C) could be compelled to sell its profitable and highly rated Mexican subsidiary Banamex due to a probe expected this week by Mexico’s Supreme Court.[More...]

Bond Market Close: October 19, 2009

Mon, 19 Oct 2009 19:52:07 GMT

Prices of Treasury coupon securities posted bifurcated results this day with the front end of the curve languishing as the long end leaped ( some poetic license in the use of the word leaped as I wanted the alliterative L).[More...]

Bank Of America (BAC) To Pay TARP Dividends

Mon, 05 Oct 2009 13:26:48 GMT

Bank of America Corporation (BAC) said on Friday that it will pay $713 million in dividends on preferred stock issued to the Treasury Department in relation to its participation in the Troubled Asset Relief Program (TARP) last year.[More...]

CIT: GS Has 1 Bn $ To Earn From A Bankruptcy

Mon, 05 Oct 2009 12:56:30 GMT

Interesting news that surfaced in the midst of speculations over the survival of the troubled lender to small businesses. Apparently GS would actually stand to gain from a failure of CIT, pursuant to the terms of a credit facility it extended to the lender in June 2008.[More...]

BofA To De-TARP in Installments

Wed, 16 Sep 2009 15:31:01 GMT

The Chief Financial Officer (CFO) of Bank of America Corporation (BAC) said Tuesday that the bank is expected to repay the bailout money it has received from the government in relation to its participation in the Troubled Asset Relief Program (TARP) in installments.[More...]

BofA to pay off bailout: Repayment of $45 billion loan from taxpayers will free bank from extra regulations

Thu, 03 Dec 2009 17:48:00 GMT

Dec. 3--Bank of America said Wednesday evening it is set to repay all of its $45 billion in government aid, a step that helps remove the stigma of being a bailout recipient and dials back government scrutiny of its operations.
The Charlotte bank had been eager to pay back the money for months, but it needed the approval of government regulators.
The U.S. Treasury said the repayment means Bank of America will be freed from executive compensation restrictions imposed by pay czar Ken Feinberg, which have made it tougher to attract a new CEO.

: iStockAnalyst.com Symbols Feed

Bank of America (BAC) To Repay Entire TARP Money

Lloyds To Raise 21 Billion Pounds In Biggest Rights Issue Ever

5 C's Of Credit

An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility

The Fed's Tri-Party Reverse What ...?

Citi (C) May Need to Sell Off Banamex

Bond Market Close: October 19, 2009

Bank Of America (BAC) To Pay TARP Dividends

CIT: GS Has 1 Bn $ To Earn From A Bankruptcy

BofA To De-TARP in Installments

BofA to pay off bailout: Repayment of $45 billion loan from taxpayers will free bank from extra regulations

Bank of America to repay government in full

Report: PNC executive Demchak rebuffs overtures from Bank of America

Bank of New York unit buys stake in Siguler Guff

Bank of New York CEO Not Interested in BofA Job

BNY Mellon Posts $2.5 Billion Loss

Services/Suppliers

Trib 30 Index of Pittsburgh-Area Stocks Jumped 5.4 Percent in September

Chicago Tribune Gail MarksJarvis Column: Liquidity Floating Stocks, Gold Ever Higher

Official Word on Recession's End Won't Come for Quite a While

NCI Building Systems Reports Third Quarter Fiscal 2009 Earnings

NCI Building Systems to Release Fiscal Third Quarter Results on Wednesday, September 9, 2009; Will Not Hold Conference Call Due to Impending Convertible Note Exchange Offer

NCI Building Systems Obtains Extension of Waivers From Its Bank Group and Has Entered Into Negotiations With Convertible Noteholders and Clayton, Dubilier & Rice for an Amended Transaction

BNY Mellon Corporate Trust Appointed Trustee and Paying Agent for the West Virginia School Building Authority's $30 million Qualified School Construction Bond Issue

BNY Mellon Corporate Trust Appointed Trustee, Registrar and Paying Agent on Nebraska Public Power District's 2009 General Revenue Bonds

BNY Mellon and Bankruptcy Management Solutions, Inc. (BMS) Announce a New Financial Services Network for BMS Clients

BNY Mellon Appointed Trustee for Commonwealth of Kentucky's $392 Million Bond Issue

The Bank of New York Mellon Appointed Corporate Trustee on India's Largest Convertible Bond Sale

BNY Mellon Asset Servicing Introduces Fair Value Pricing to Provide Updated Equities Valuations after European and Asian Markets Close

The Bank of New York Mellon's Corporate Headquarters Earns the ENERGY STAR(R)

Form 4 Bank of New York Mellon For: Nov 10 Filed by: RICHARDSON WILLIAM C (10K)

Form 4 Bank of New York Mellon For: Nov 10 Filed by: REIN CATHERIN A (10K)

Form 4 Bank of New York Mellon For: Nov 10 Filed by: SCOTT SAMUEL C III (10K)

Form 4 Bank of New York Mellon For: Nov 02 Filed by: MEHRABIAN ROBERT (10K)

Form 4 Bank of New York Mellon For: Nov 02 Filed by: VON SCHACK WESLEY W (10K)

Form 4 O HANLEY RONALD P For: Oct 28 (10K)

Form 4 Bank of New York Mellon For: Oct 01 Filed by: VON SCHACK WESLEY W (10K)

Form 4 Bank of New York Mellon For: Sep 01 Filed by: MEHRABIAN ROBERT (10K)

Form 4 Bank of New York Mellon For: Sep 01 Filed by: VON SCHACK WESLEY W (10K)

Form 4 DONOFRIO NICHOLAS M For: Aug 11 (10K)