The Banking and Strategy Initiative

Chillin' out till it needs to be funded

Repayment week Dec 9-14 | Dealbook blog

The banks are done with all the help planned for them since’s just the last 3 days. Reforms will establish a new normal for us bankers..Wells Fargo, Citi, BofA all return the stash , saving on interest, The J P Morgan auction and ING


Wells Fargo to Repay $25 Billion in TARP Money

December 14, 2009, 6:33 PMWells Fargo said Monday evening that it would repay the entire $25 billion that it received in the government’s bailout last year. It said some of the money would come from a $10.4 billion stock sale.

Bank of America, Citigroup, TARP, Treasury Department, Wells Fargo


Another View: Redefining How to Repay TARP

December 14, 2009, 11:42 AMThe government must reexamine the standards by which banks can repay the billions of dollars they received under the Troubled Asset Relief Program, an architect of the financial bailout writes in Another View.

Bank of America, Citigroup, David Nason, Goldman Sachs, Henry Paulson, J.P. Morgan Chase, State Street, TARP, Timothy F. Geithner, Troubled Asset Relief Program (2008), Wells Fargo


In JPMorgan Auction, U.S. Made the Right Choice

December 14, 2009, 10:00 AMDid the federal government get a better deal by auctioning off its warrants in JPMorgan Chase to private investors instead of letting the bank buy them back?

Bank of America, Citigroup, Goldman Sachs, J.P. Morgan Chase, Old National Bancorp, TARP, Treasury Department


Citi’s Internal Memo on Repaying Bailout Money

December 14, 2009, 7:28 AMDealBook has obtained Citigroup’s internal memo to employees about its deal to repay $20 billion of bailout money.

Citigroup, TARP, Treasury Department


Citi Strikes Deal on Bailout

December 14, 2009, 7:00 AMCitigroup was close to a deal on Sunday night to be the last of the big Wall Street banks to exit the government’s bailout program, after trying to persuade regulators that it was sound enough to stand on its own.

Citigroup, F.D.I.C., PNC Financial Services Group, TARP, Treasury Department, Wells Fargo


N.Y. Mellon Chief Said to Be in Lead for BofA Post

December 14, 2009, 5:45 AMBank of New York Mellon’s chief executive, Robert Kelly, is the front-runner to succeed retiring Bank of America chief Kenneth Lewis, but compensation issues could get in the way of a deal, The Wall Street Journal reported.

Bank of America, Bank of New York Mellon, Robert Kelly


Terra Firma Said to Seek Investors in EMI

December 14, 2009, 4:54 AMBritish private equity group Terra Firma wants to bring in outside investors to help prop up music company EMI Group, which is struggling with $4.2 billion of debt, The Observer reported.

Citigroup, EMI Group, Terra Firma


Abu Dhabi Gives Dubai $10 Billion

December 14, 2009, 4:35 AMAbu Dhabi, the oil-rich governing emirate of the United Arab Emirates, surprised investors on Monday by pledging to provide $10 billion to Dubai, easing fears about an outright debt default by the smaller, struggling emirate.


ING Will Repay $8.3 Billion in Aid Early

December 11, 2009, 6:21 AMThe Dutch financial services group ING, which came close to collapse last year, said Friday that this month it would repay half of the 10 billion euros provided by the government during the height of the financial crisis.


Geithner Sees ‘Headwinds’ on Road to Recovery

December 10, 2009, 1:15 PMThe United States economy is struggling against “headwinds” that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy F. Geithner said Thursday.

American International Group, Bank of America, Chrysler, Citigroup, General Motors, TARP, Timothy F. Geithner


Bank of America Finishes TARP Repayment

December 10, 2009, 5:11 AMBank of America fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.

Bank of America


Citi Is Eager to Pay Back Bailout Aid

December 10, 2009, 2:17 AMA year after accepting two taxpayer bailouts, Citigroup is racing to raise billions of dollars in the stock market to repay the aid, a crucial step in freeing itself from Washington’s grip.

via Andrew’s Dealbook Remember Andrew Sorkin is also writing the facebook movie!


This entry was posted on December 15, 2009 by in Financial Markets and tagged , , , , , , , .


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