Bank of America board authorizes $713 million dividend payment on government investmentOctober 2nd, 2009 Bank of America authorizes TARP dividend paymentCHARLOTTE, N.C. — Bank of America Corp.
Russian finance minister says settlement of Bank of New York case to be signed soonSeptember 16th, 2009 Russia, BONY to sign settlementMOSCOW — Russia's Finance Minister says terms have been reached for an out-of-court settlement of a $22.5 billion Russian government lawsuit against Bank of New York Mellon and that the agreement is to be signed soon. The two-year-long case stems from a decade-old scandal in which a bank vice president and her husband were convicted of illegally wiring $7.5 billion of Russian money into accounts at the bank.
BNY Mellon's 2nd-qtr profit falls 43 percent on FDIC fee, TARP repayment chargeJuly 22nd, 2009 BNY Mellon 2Q profit falls on special chargesNEW YORK — Bank of New York Mellon Corp. said Wednesday its second-quarter profit fell 43 percent as it repaid a government loan and paid a special fee to the Federal Deposit Insurance Corp.
Northern Trust repays $1.58 billion received as part of government investment programJune 17th, 2009 Northern Trust repays government investmentCHICAGO — Northern Trust says it has repaid the $1.58 billion it received last fall as part of the government's $700 billion bank bailout program. Chicago-based Northern Trust received the money as part of the Treasury Department's program to help revive the stagnant credit and lending markets amid one of the worst periods of the credit crisis.
Morgan Stanley pays back Treasury $10 billion in bailout fundsJune 17th, 2009 Morgan Stanley pays back $10B in bailout fundsNEW YORK — Morgan Stanley said Wednesday it repaid the $10 billion it received last fall as part of the government's $700 billion bank investment program. Morgan Stanley received the money as part of the Treasury Department's Troubled Asset Relief Program to help revive the stagnant credit and lending markets amid one of the worst periods of the credit crisis.
Goldman Sachs set to repay $10 billion it received as part of government's investment programJune 17th, 2009 Goldman Sachs to repay $10B in government fundsNEW YORK — Goldman Sachs says it is ready to repay a $10 billion government investment on Wednesday. The bank made the disclosure in letters to high-ranking congressmen and senators on Tuesday.
Capital One repays $3.57 billion received as part of government investment programJune 17th, 2009 Capital One repays $3.57B in TARP fundsNEW YORK — Capital One Financial Corp. says it repaid the $3.57 billion it received last fall as part of the government's $700 billion bank investment program.
Goldman Sachs completes repayment of $10 billion received as part of government programJune 17th, 2009 Goldman Sachs repays government investmentNEW YORK — Goldman Sachs Group Inc. said Wednesday it has repaid the $10 billion it received last fall as part of the government's $700 billion bank bailout program.
American Express repays $3.39 billion received as part of government investment programJune 17th, 2009 American Express repays $3.39B in TARP fundsNEW YORK — American Express Co. said Wednesday it repaid the $3.39 billion it received last fall as part of the government's $700 billion bank investment program.
State Street Corp. repays $2 billion receives as part of government investment programJune 17th, 2009 State Street repays $2B in TARP fundsNEW YORK — State Street Corp. says it was among the banks to repay $2 billion it received last fall as part of the government's $700 billion bank investment program.
List of 10 banks that got Treasury approval to pay back their bailout moneyJune 9th, 2009 List of 10 banks that will repay bailout moneyThe Treasury has given 10 banks permission pay back a total of $68 billion in government bailout money. The banks include the eight recipients of bailout money that passed regulators' stress test last month, plus the investment bank Morgan Stanley and Chicago-based custody bank Northern Trust Corp.
JPMorgan Chase seeks to raise $5 billion in bid to repay government's TARP programJune 1st, 2009 JPMorgan Chase to raise $5 billion to repay TARPNEW YORK — JPMorgan Chase & Co. said Monday it plans to raise $5 billion through a common stock offering as it seeks to repay the $25 billion that the bank was awarded in the government's troubled asset relief program.
After stress tests, Amex, JPMorgan, Bank of New York Mellon won't be asked to raise moneyMay 6th, 2009 Amex, JPMorgan, Bank of New York Mellon pass testsWASHINGTON — Leaked results of the government's stress tests of 19 large banks are boosting investor confidence in the financial sector. American Express Co., JPMorgan Chase & Co.
Bank of New York Mellon 1Q profit drops 57 percent, slashes dividend; shares plunge 11 percentApril 21st, 2009 BNY Mellon 1Q profit falls 57 pct, cuts dividendNEW YORK — Bank of New York Mellon Corp. said Tuesday that its first-quarter profit dropped an unexpectedly steep 57 percent and that it was slashing its dividend in hopes of repaying a government investment.
Bank of New York Mellon, General Motors, Delta, Broadcom are big market movers TuesdayApril 21st, 2009 Bank of New York Mellon, General Motors big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Coach Inc., up $2.69 at $20.92
First-quarter profit slid, but the luxury handbag maker said sales and traffic had stabilized, and declared a new cash dividend. General Motors Corp., up 4 cents at $1.70
The car maker could get as much as $5 billion more in federal loans on top of the $13.4 billion it has already received.
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