Hecla Mining defers quarterly dividend on preferred shares to preserve cashAugust 26th, 2009 Hecla Mining defers dividend on preferred sharesCOEUR D'ALENE, Idaho — Hecla Mining Co. said on Tuesday that it would put off paying dividends on all three classes of its preferred shares because of restrictions in its loan and the need to conserve cash.
Northern Trust buys back warrants for $87 million to exit TARPAugust 26th, 2009 Northern Trust buys back warrants to exit TARPCHICAGO — Northern Trust Corp. said Wednesday it repurchased for $87 million a stock-purchase warrant issued to the federal government last fall, completing the final step to exit the Treasury Department's bank rescue program.
Huntington Preferred Capital declares dividend of 49 cents per shareAugust 17th, 2009 Huntington Preferred Capital declares dividendCOLUMBUS, Ohio — Huntington Preferred Capital Inc., which buys and manages mortgage assets, said Monday its board declared a regular quarterly dividend of 49 cents per share of its Class C preferred stock. The dividend is payable Sept.
Morgan Stanley buys back warrants tied to TARP from Treasury Department for $950 millionAugust 6th, 2009 Morgan Stanley repurchases TARP warrantsNEW YORK — Morgan Stanley said Thursday it paid $950 million to buy back warrants from the government that could have eventually been converted to common shares in the bank. New York-based Morgan Stanley issued the warrants to the Treasury Department as part of the loan package it received under the Troubled Asset Relief Program.
American Express buys back TARP warrants from Treasury Department for $340 millionJuly 29th, 2009 American Express repurchases TARP warrantsNEW YORK — American Express Co. said Wednesday it repurchased outstanding warrants issued to the government as part of the Troubled Asset Relief Program for $340 million.
CVB Financial launches offering of $115 million in common stockJuly 21st, 2009 CVB Financial launches stock offeringONTARIO, Calif. — CVB Financial Corp.
GMAC declares dividends on preferred stock issued to both Treasury and a subsidiaryJuly 14th, 2009 GMAC declares dividends on preferred stockDETROIT — GMAC Financial Services says it declared quarterly dividend payments on preferred stock issued to the federal government and to its own subsidiary, Preferred Blocker Inc. The dividends were declared on Monday and are payable on Aug.
Discover Financial shares tumble after-hours on planned $500 million public stock offeringJuly 6th, 2009 Discover to sell $500M in common stock to publicRIVERWOODS, Ill. — Credit card company Discover says it will sell $500 million worth of common stock in a public offering, and use the proceeds for possible investments or to buy back preferred stock issued to the U.S.
Bank of America authorizes $713 million payment to government under TARPJuly 2nd, 2009 Bank of America sets $713 million TARP paymentCHARLOTTE, N.C. — Bank of America Corp.
Treasury says decision on bank stock warrants tied to bailout program could come MondayJune 19th, 2009 Treasury: no decision yet on bank stock warrantsWASHINGTON — The Treasury Department and the nation's largest banks are still negotiating over what price the government should receive for stock warrants and an announcement has been delayed until next week. Treasury Department spokeswoman Meg Reilly says the announcement is expected no earlier than Monday.
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.
BB&T redeems $3.1 billion of preferred stock issued to Treasury; plans warrant buybackJune 17th, 2009 BB&T pays Treasury more than $3.1B to exit TARPWINSTON-SALEM, N.C. — BB&T Corp.
Citi plans to address $5.5B shortfall by converting more preferred shares into common stockMay 8th, 2009 Citigroup convert an additional $5.5B in stockNEW YORK — Citigroup Inc. is planning to convert an extra $5.5 billion of preferred shares into common stock to address its capital shortfall.
Treasury provides $45.5 million to 7 new banks as part of $700 billion financial rescueMay 5th, 2009 Treasury provides $45.5M to 7 banks from bailoutWASHINGTON — The Treasury Department said Tuesday seven more banks have been approved to participate in the government's $700 billion rescue effort, and that a Colorado mortgage company was chosen to participate in a foreclosure mitigation program. The department said the government would purchase a total of $45.5 million in preferred stock in the seven banks, bringing the total supplied through the program to $198.02 billion for more than 500 banks.
Treasury selects 3 asset management firms for bailout program that buys bank stockApril 22nd, 2009 Treasury picks asset management firms for bailoutWASHINGTON — The Treasury Department on Wednesday selected three management firms to handle bank assets obtained as part of the $700 billion financial rescue program. The assets include stock warrants that Treasury has received as part of its program to buy nearly $200 billion in preferred shares in banks to help bolster their capital reserves and resume more normal lending to consumers and businesses.
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