Pandit says Citigroup plans to exit Smith Barney venture with Morgan Stanley, repay TARPSeptember 16th, 2009 Citi plans to sell remaining Smith Barney stakeNEW YORK — Citigroup Inc. CEO Vikram Pandit confirmed Wednesday that the bank plans to eventually sell the remaining stake in its Smith Barney brokerage venture to Morgan Stanley, which owns the other half.
Morgan Stanley's president of Middle East and North Africa ops, Georges Makhoul, leaving bankSeptember 9th, 2009 Morgan Stanley's Makhoul is leaving firmNEW YORK — Morgan Stanley said Wednesday its president of Middle East and North Africa operations, Georges Makhoul, is leaving the bank. Habib Achkar will take on the role of regional manager for the New York-based bank's Middle East and North Africa operations.
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.
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.
Citigroup closes portion of debt exchange, moves forward giving gov't 34 pct stakeJuly 23rd, 2009 Citigroup closes portion of debt exchangeNEW YORK — Citigroup Inc. on Thursday carried out a part of the debt exchange offers that, when they're completed, will eventually give the federal government a 34 percent stake in the troubled bank.
CVB Financial launches offering of $115 million in common stockJuly 21st, 2009 CVB Financial launches stock offeringONTARIO, Calif. — CVB Financial Corp.
Bank of New York Mellon repays $3 billion received as part of government programJune 17th, 2009 Bank of New York Mellon repays TARP fundsNEW YORK — Bank of New York Mellon said Wednesday it repaid the $3 billion it received last fall as part of the government's $700 billion bank investment program. Bank of New York Mellon 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.
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.
Citigroup launches offers to exchange preferred stock into common, giving gov't 34 pct stakeJune 10th, 2009 Citigroup launches public exchange offersNEW YORK — Citigroup Inc. on Wednesday launched a series of public exchange offers that will effectively give the government a 34 percent stake in the troubled bank.
Morgan Stanley plans $2.2 billion stock offer as precursor to repaying government loanJune 2nd, 2009 Morgan Stanley to raise $2.2 billion in capitalNEW YORK — Morgan Stanley said Tuesday it will raise $2.2 billion through a stock offering as part of a plan to satisfy preconditions for repaying a government loan it received last fall amid the deepening credit crisis. Morgan Stanley priced the offering at $27.44 per share, an 8.2 percent discount from Monday's closing price of $29.89.
Morgan Stanley, JPMorgan and American Express sell stock with eye toward repaying TARP fundsJune 2nd, 2009 Three banks take steps toward repaying governmentNEW YORK — Morgan Stanley, JPMorgan Chase & Co. and American Express Co.
Mitsubishi UFJ to boost acquisition of Morgan Stanley's common stockMay 13th, 2009 Mitsubishi UFJ boosts swap of Morgan Stanley stockTOKYO — Japan's biggest bank, Mitsubishi UFJ Financial Group Inc., said Wednesday it will swap a larger amount of its preferred shares in Morgan Stanley for common stock to keep its voting rights stake of the U.S. bank above 20 percent.
Morgan Stanley to sell $3.5 billion in stock, $4 billion in notes after 'stress tests'May 8th, 2009 Morgan Stanley offers $3.5 billion in stockNEW YORK — Morgan Stanley is offering 146 million common shares for $24 each in an effort to raise gross proceeds of $3.5 billion. The company is also pricing an offering of $4 billion in bonds.
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.
Morgan Stanley seeks to raise $5 billion in fresh capital after government stress testsMay 8th, 2009 Morgan Stanley plans $5 billion capital raiseNEW YORK — Morgan Stanley is planning to raise $5 billion after government's stress tests showed the investment bank needs more capital. Morgan Stanley said Thursday it has begun a $2 billion public offering of common stock.
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